Alibaba Group Holding Ltd BABA 0.8% made major headlines in the U.S. earlier this year when the company announced a new 5.6 stake in Groupon Inc GRPN 3.85%. Since the Groupon acquisition, however, Alibaba has shown no signs of slowing down.

Just this week, the Chinese e-commerce giant announced a pair of new deals. First, Alibaba took a $1.25 billion stake in Chinese food delivery startup Ele.me. Ele.me is part of Alibaba’s O2O, or “online to offline” push to take advantage of the wave of mobile adoption across China in coming years.

In addition to its O2O initiatives, Alibaba also announced a new $1 billion majority stake in Southeast Asian e-commerce site Lazada this week. The deal is part of Alibaba’s push to expand its reach beyond China’s borders.

Lazada operates in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. Indonesia and its 256 million residents represent…

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