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Alibaba Completes Its Biggest Overseas Acquisition To Date

Just this week, Chinese internet giant Alibaba announced plans to snag a majority stake in e-commerce startup Lazada Group for $1B, Alibaba's biggest overseas acquisition to date.

The Lazada buyout comes four months after Alibaba agreed to pay $226M for Hong Kong newspaper South China Morning Postpart of Alibaba’s larger push into media and e-commerce.

The deal allows Alibaba to enter a new market, without the heavy upfront logistics costs, Forrester analyst Satish Meena tells the Wall Street Journal.

“[This deal] will allow Alibaba to focus on bringing [in] more merchants, while using the existing brand name of Lazada to grow further,” he says. [WSJ