Asia Tech Wire (May 22) -- Chinese tech giant Alibaba has poured another $230 million into its Southeast Asian e-commerce platform Lazada, according to data provided by Alternatives.pe.

Thus, Alibaba has invested about $7.7 billion in Lazada since 2016, when it invested $1 billion in Lazada to gain a controlling stake.

This is also the first time Alibaba has injected capital into Lazada this year. In 2023, Alibaba invested more than $1.8 billion into the e-commerce platform.