AVEM - What's Going On With Alibaba Stock Thursday? | Benzinga
Alibaba Group Holding Ltd.‘s (NYSE:BABA) online shopping platform Lazada Group has denied reports of the parent company planning to sell its Thailand unit.
The company refuted rumors of discussions with potential investors.
According to Crunchbase data, in 2023, Alibaba invested $845 million in July and $634 million in December, followed by an additional $230 million in May, bringing the total investment to $7.4 billion, SCMP reports.
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