Alibaba plans to raise Southeast Asia e-commerce arm Lazada to $100 billion

Alibaba this week announced an ambitious plan to increase its Southeast Asian e-commerce business to $100 billion (about Rs 7,60,140 crore) in transaction sales, as well as a pledge to reach carbon neutrality in its operations by 2030. vision revealed. China's largest e-commerce company on Friday unveiled its vision for its Southeast Asian e-commerce arm Lazada in presentation slides uploaded to its site for its annual Investor Day, where it usually interacts with investors. Shares revenue figures and future strategies for its business units. Alibaba's top executive Daniel Zhang also outlined its carbon emissions targets during a presentation on Friday….