介绍:
Alibaba has made yet another international purchase.
This time, the Chinese e-commerce giant has purchased a controlling stake in fellow e-commerce firm Lazada for an estimated 1 billion US dollars.
Lazada is based out of Singapore.
It's one of the largest e-commerce sites in Southeast Asia.
Alibaba's purchase of the firm is part of the company's broader goals to expand its international foot-print.
As of the end of last year, only around 6-percent of Alibaba's total revenues came from the international market.
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