Alibaba has set a new long-term target for its Southeast Asian operations, saying it aims to serve more than 300 million users there and boost total regional e-commerce transactions to $100 billion a year, up nearly fivefold from the current level, The Information reported.
The e-commerce giant’s new goals, announced this week, come as the e-commerce giant is facing an increasingly challenging environment in China due to the country’s slowing growth and Beijing’s regulatory crackdown on the internet sector.
Read the full report: The Information
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