Alibaba says no public response to Lazada financing

2022-02-23 15:00:00

Asian Tech Press (Feb 23) -- Chinese e-commerce giant Alibaba Group Holding Ltd (BABA:NYSE) said Wednesday it would not publicly respond to Lazada's financing and spinoff.

Alibaba had reportedly halted talks to raise $1 billion before a potential IPO of Lazada, the company's e-commerce marketplace in Southeast Asia.

At the same time, the e-commerce giant also planned to spin off Lazada in preparation for its potential initial public offering (IPO). However, the plans did not come to fruition.

In response, Alibaba-related sources said, "There will be no public response to the matter."

lazada Alibaba IPO e-commerce

Email Subscription

Newsletters and emails are now available! Delivered on time, every weekday, to keep you up to date with North American business news.

Weekly Highlights

                                    Southwest Airlines CEO: Although Boeing still has a lot of work to do, they seem to be moving in a good direction and we are more optimistic.
                            2025-01-31

                                    White House Press Secretary Levitt: Details about the Nvidia meeting are still unclear.
                            2025-02-01

                                    Apple (AAPL.O) said the Apple Pay outage has been resolved.
                            2025-01-29

                                    Jefferies: Raised Meta Platforms (META.O) price target from $715 to $810.
                            2025-01-30

                                    Sam Altman, founder and CEO of OpenAI: OpenAI will develop specialized hardware for AI.
                            2025-02-03