Subscribe to the TechNode Briefing Newsletter

Every Wednesday and Friday, TechNode’s Briefing newsletter delivers a roundup of the most important news in China tech, straight to your inbox.

Subscribe to TechNode Briefing Newsletter

Every Wednesday and Friday, TechNode’s Briefing newsletter delivers a roundup of the most important news in China tech, straight to your inbox.

Thank you for registering!

Support Us

Your support helps TechNode continue to provide credible, on-the-ground journalism and industry insights about the Chinese tech industry.

$
$
$

Your contribution is appreciated.

Paying the transaction fee is not required, but it directs more money in support of our mission.
Posted inNews Feed

Alibaba halts $1 billion pre-IPO fundraising plan for Lazada: report

Chinese e-commerce giant Alibaba has called off discussions with potential investors for a $1 billion pre-IPO round for its Southeast Asia e-commerce arm Lazada, Bloomberg reported on Wednesday, citing people with knowledge of the matter. The report says disagreement over the valuation of the Singapore-based company is the main reason behind the pre-IPO plans being suspended. Alibaba has reportedly decided not to push the round further because it believes it has sufficient funds and feels that a volatile global market means the timing is far from ideal. Nevertheless, it seems the intention to spin off Lazada remains, which means Alibaba will likely revive the plan if conditions allow in the future, according to Bloomberg sources. [Bloomberg]

Sign In

We've recently sent you an authentication link. Please, check your inbox!

Sign in with a password below, or sign in using your email.

Get a code sent to your email to sign in, or sign in using a password.

Enter the code you received via email to sign in, or sign in using a password.

OR

By signing up, you agree to our privacy policy.