樂購向阿里巴巴出售亞洲電商Lazada控股權 - BBC 中文网
Tesco to sell half its stake in online retailer Lazada for £90m
Grocer will offload 8.6% of Singapore-based business to China’s Alibaba as part of strategy to focus on its UK operations
Tesco has agreed to sell half its stake in Lazada, a south-east Asian online retailer, to China’s Alibaba for about £90m as the UK supermarket group concentrates on its home business.
Tesco said it would sell 8.6% of Lazada to Alibaba, the world’s largest retailer, for $129m (£90.6m) in a deal valuing the business at $1.5bn. Alibaba will invest $500m in new Lazada shares as well as buying out Tesco and other investors in the Singapore-based retailer.
Tesco will retain an 8.3% stake in Lazada after the transaction completes, including the issue of new shares, but Alibaba will have an option to buy out remaining investors within 12 to 18 months.
The deal values Tesco’s Lazada stake at significantly more than the £113m carrying value listed in its accounts last August. Tesco, which reports its annual results on Wednesday, classified Lazada as an asset available for sale for the financial year that ended in February.
The former Tesco chief executive Philip Clarke bought 19.6% of Lazada in November 2013 as the grocer sought to improve its online capabilities in Asia. It has invested $124m in the business. Under new management after a series of profit warnings, Tesco has retrenched to overhaul its UK stores and has been selling international operations such as its business in South Korea.
Alibaba, which sells almost 1bn consumer products, has overtaken Tesco and Walmart of the US to become the world’s biggest retailer. It is expanding beyond China, where it makes about 90% of revenue, and wants to tap into fast-growing south-east Asian consumer markets such as Indonesia, Malaysia and Thailand.
Michael Evans, Alibaba’s president, said: “Globalisation is a critical strategy for the growth of Alibaba today and well into the future. With the investment in Lazada, Alibaba gains access to a platform with a large and growing consumer base outside China, a proven management team and a solid foundation for future growth in one of the most promising regions for ecommerce globally.”
The deal will take Alibaba into a region where no single operator yet dominates. While south-east Asia’s growing affluence is expected to fuel growth in online shopping, many countries in the region lack transport and payments systems required for online retailing to take off.
Tesco said it would use the money from the sale for general working capital purposes.