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Alibaba’s Lazada achieves first profit despite TikTok Shop’s 2023 market surge

Lazada’s first profit milestone hints at Alibaba’s USD 7.7 billion investment bearing fruit, but intense competition leaves a long road ahead.

2 mins read
  • Bringing you the latest updates on funding deals and activities in the Asia Pacific.

    News

    Deals in brief: Singapore-based Aprisium secures Series A funding, OneVentures launches seventh fund, Alibaba and Tencent invest in Moonshot AI, and more

    3 mins read

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