Bloomberg Alibaba Group Holding has unveiled ambitious objectives for its Southeast Asian arm Lazada, accelerating an overseas expansion to offset Chinese economic and regulatory headwinds. The Chinese e-commerce leader is targeting a long-term goal of quintupling gross merchandise value, the sum of transactions across Lazada’s platforms, to $100 billion, Alibaba outlined in a presentation to investors. It wants Lazada ...

  Bloomberg Deutsche Lufthansa AG’s succession options for Chief Executive Officer Carsten Spohr appear less clear after WestJet Airlines Ltd poached one of the German group’s rising-star managers. Alexis von Hoensbroech quit as chief of the Austrian Airlines division to join the Canadian carrier, he said on his LinkedIn page. Lufthansa said earlier that he had chosen to depart and ...

  Bloomberg Southwest Airlines Co Chief Executive Officer Gary Kelly has tested positive for Covid-19, days after a US Senate hearing with other industry executives during which he appeared to downplay the effectiveness of face masks on planes. Kelly, 66, “recently tested positive for Covid-19 after experiencing mild symptoms and taking a PCR test,” the Dallas-based airline said in a ...