Using Singapore as a starting point, tech companies are expanding rapidly in Southeast Asia, a market of 625 million people. The region is an exciting alternative to slowing Chinese growth.
Slumping U.K. consumer confidence, which fell to a one-year low Friday amid signs of a slowdown in spending, has sent domestic retail stocks into a tailspin.
Alibaba Group Wednesday said it was increasing its stake in online mall Lazada Group SA, as it looks to conquer Southeast Asia.
The U.K. seeing sales growth again.