Alibaba's Big Overseas Bet on Lazada

Alibaba has invested $1 billion in Lazada, valuing it at $1.5 billion, marking its largest overseas acquisition. This deal provides Alibaba with immediate access to six Southeast Asian markets, aligning with its goal to increase overseas revenue. Despite this, Alibaba's reliance on its domestic market has grown. Rocket Internet retains an 8.8% stake in Lazada, having sold half of its original investment, which has increased 15-fold in value. However, selling control to Alibaba means Rocket won't lead Lazada's potential IPO.

What does the deal signify about Alibaba's strategy for overseas revenue?

What potential future event is mentioned regarding Lazada and Alibaba?