Southeast Asian e-commerce platform Lazada recently received an investment of $342.5 million from its parent company Alibaba, receiving its third additional investment this year. The investment brings Lazada’s latest valuation to $11.3 billion, DealStreetAsia reported. Hangzhou-based Alibaba has injected more than $1.6 billion into Lazada this year. The platform also undergoes frequent personnel changes in 2022. In June, James Dong, a former assistant of Alibaba CEO Daniel Zhang, was named Lazada Group’s CEO. Lazada’s order growth slowed during the June-September period, while losses per order narrowed by 25% compared to the same period last year, Alibaba’s Q3 earnings showed. [DealStreetAsia]
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