Displaying items by tag: Investment - Eyes on Indonesia
Thursday, 29 June 2017 15:10

Alibaba to invest US$1 billion in Lazada

Chinese e-commerce giant Alibaba is planning to raise its stake in online mall Lazada to 83 percent from 51 percent at present in a bid to strengthen its foothold in Southeast Asia.

To do so, Alibaba plans to invest US$1 billion, which would bring its total investment in Lazada to $2 billion.

Published in Business

Maritime Coordinating Minister Luhut Binsar Pandjaitan has offered investment opportunities in infrastructure projects to China during his visit to the country.

Luhut, who is scheduled to visit the country from June 15 to 17, met with Chinese Political and Legal Affairs Commission Secretary Meng Jianzhu on Thursday.

Published in Business
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