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Reuters UK
Reuters UK
By Fanny Potkin and Brenda Goh SINGAPORE/SHANGHAI (Reuters) – Alibaba Group plans to expand its Southeast Asian arm, Lazada, to Europe, two sources familiar with the matter told Reuters, as the Chinese e-commerce company seeks further overseas growth amid slowing opportunities at home. The move comes months after Alibaba’s logistics arm, Cainiao, opened a central hub for European sales in Belgium. Alibaba is already present in Europe through its global e-commerce platform, AliExpress, which mainly targets consumers looking for such goods from Chinese manufacturers as smartphone accessories and…
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