Alibaba Denies Talks about Selling Lazada's Thailand Unit, Emphasizes Global Expansion Efforts

Thursday, 20 June 2024, 07:00
In response to rumors fueled by a Bangkok Post report, Alibaba, the Chinese e-commerce giant, refutes any discussions related to selling Lazada's Thailand unit. The company is focused on expanding globally, even amid domestic economic challenges. This denial sheds light on Alibaba's commitment to international growth and strategic business decisions.
South China Morning Post
Alibaba Denies Talks about Selling Lazada's Thailand Unit, Emphasizes Global Expansion Efforts

Alibaba Denial of Rumors

The Chinese e-commerce giant, Alibaba, has recently denied rumors about selling Lazada's Thailand unit.

Focus on Global Expansion

Despite facing economic challenges domestically, Alibaba remains committed to its global expansion efforts.

Strategic Business Decisions

  • Alibaba emphasizes its intention to continue expanding internationally.
  • The company refutes rumors sparked by a Bangkok Post report regarding Lazada's Thailand unit.
  • This denial showcases Alibaba's strategic approach to business amid economic uncertainties.
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