Secrets and career moves

My sister really can keep secrets. And make the right career moves.

No wonder she was flying between their regional offices frantically the last few weeks. While messaging and updating her on father’s latest condition after his third fall in two weeks, I was surprised to learn that she was in Vietnam one day, and the Philippines the next.

And there I was still wondering whether she had been wise to join a start-up, quite a departure from the usual pedigreed companies and company she seeks.

http://www.bloomberg.com/news/articles/2016-04-12/alibaba-to-pay-1-billion-for-control-of-lazada-e-commerce-site

Alibaba Expands in Southeast Asia With $1 Billion Lazada Deal

  • Control of Lazada adds operations in 6 Southeast Asian markets
  • Alibaba buying stock from Rocket Internet, Tesco, Kinnevik

Alibaba Group Holding Ltd. is making its largest overseas investment with a $1 billion deal for control of Lazada Group SA, taking the Chinese e-commerce giant to Southeast Asia and closer to a goal of shedding its home-market reliance.

China’s largest online emporium will pay $500 million for new shares in the closely held company and purchase an equal amount from existing investors, Alibaba said in a statement. Investors selling include Germany’s Rocket Internet SE, British supermarket chain Tesco Plc and Investment AB Kinnevik.

The Chinese company is buying its way into a region on the cusp of an online shopping boom, as fast-growing mobile and Internet usage propels consumer spending. Billionaire Alibaba Chairman Jack Ma has set a goal of getting at least half the company’s revenue from overseas, with the Lazada deal adding sales of clothing and electronics in six Southeast Asian markets.

[…]

Buying Its Way In

Founded in 2012 by Rocket, Lazada operates in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Indonesia, where it competes with Tokopedia and MatahariMall, is Southeast Asia’s largest economy with 256 million people.

Alibaba will be wading into a market where no single player yet dominates. While Southeast Asia’s growing affluence is expected to fuel growth in online shopping, many countries in the region still lack the transport and payments infrastructure so crucial to the widespread adoption of e-commerce.

“Overseas expansion requires a lot of investment in logistics, it would take Alibaba much longer to build the business from the ground up,” said Li Yujie, an analyst with RHB Research Institute Sdn in Hong Kong. “What Alibaba could do is integrate the businesses and introduce more existing merchants to Lazada to export their products overseas.”

The deal also includes options to buy out certain Lazada shareholders in a 12 to 18 month period after the deal closes, it said. Credit Suisse Group AG advised Alibaba and Goldman Sachs Group Inc. was financial adviser to Lazada.

[…]

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http://www.bloomberg.com/press-releases/2016-04-12/dgap-news-rocket-internet-se-sells-9-1-stake-in-lazada-for-usd-137-million

Rocket Internet SE Sells 9.1% Stake in Lazada for USD 137 million

Corporate News: Rocket Internet SE / Key word(s): Disposal
Rocket Internet SE Sells 9.1% Stake in Lazada for USD 137 million

12.04.2016 / 07:59
Dissemination of a Corporate News.
The issuer is solely responsible for the content of this announcement.

——————————————————————————————————–

Rocket Internet SE: Quasi Ad hoc Announcement pursuant to Sec. 19 para. 1 lit.
c) of the General Terms and Conditions of Deutsche Börse AG for the Regulated
Unofficial Market (Freiverkehr) on Frankfurter Wertpapierbörse

Rocket Internet SE Sells 9.1% Stake in Lazada for USD 137 million

Berlin, Germany, April 12, 2016 – The Management Board of Rocket Internet SE
(“Rocket Internet” or the “Company”) (ISIN DE000A161KH4) decided, to sell 44 %
of its shares (9.1% on a fully diluted basis) in Lazada Group S.A. (“Lazada”)
for a cash consideration of USD 137 million to Alibaba Group Holding Limited
(“Alibaba”). In addition Lazada secured USD 500 million in new funds from
Alibaba at a USD 1.5 billion equity valuation. Alibaba will become the
controlling shareholder of Lazada. As part of the transaction, Rocket Internet
SE has also entered into a put-call agreement with Alibaba, giving Alibaba the
right to purchase, and Rocket Internet the right to sell the remaining fully
diluted shareholding in Lazada of 8.8%, between 12 and 18 month after the
closing of the transaction at fair market value.

Ends

Contact Rocket Internet

But some other “secrets” or arrangements she can keep to herself and the old man, or go fly a kite with it or whatever. I’m not interested. He has always doted on her and she has always been his favourite anyway. I will just carry on and do what I have to do. It has never been about him, or doing it for him, or for her/her family/her children. I am doing all this only for Mum.

Okay, maybe I’m doing it for her kids. My nephew and niece are really cute.

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