Alibaba’s stake will increase to an undisclosed size following the latest investment, a spokeswoman told Reuters. Backed by large cash piles and soaring stock prices, Alibaba’s new funding in loss-making Lazada underlines an ambitious global push to secure a bigger share of the fast-growing multi-billion dollar e-commerce market. ", Qian Yi, General Manager of Lazada Cross-Border business, said, "As Southeast Asia's leading eCommerce platform, we are committed to accelerating the growth of the digital economy in Southeast Asia and empowering brands and sellers. As of September 2019, Lazada has over 50 million annual active consumers … Consultancy Frost & Sullivan forecast total gross merchandise value of e-commerce in the region to rise to $65.5 billion in 2021 from $20.5 billion last year. The graph shows the evolution of LAZADA search rates over time, with a value of 100 indicating the week when it was highest.
LAZADA, created in 2012 (Singapore), has more than 72 sister brands and more than 2 758 competing brands. ... Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. Need Data? It includes all listed companies in the Philippines. Through this partnership with Johnson & Johnson, we can utilize the consumer insights, digital marketing expertise and channel expansion model, to further strengthen the connectivity between Southeast Asian market and Chinese consumers, bringing more quality products and services from Southeast Asia to China, and eventually to the world.". This strategic partnership with Lazada serves as a gateway that will allow us to 'bring out' local Chinese brands to reach Southeast Asian consumers, while at the same time 'bring in' Southeast Asian products to inspire Chinese consumers. BEIJING/SINGAPORE (Reuters) - Alibaba Group Holding Ltd. said it will invest an extra $2 billion in Southeast Asian e-commerce firm Lazada Group and tapped a top executive to run the business, as it takes on rivals such as tech titan Amazon in an aggressive expansion in the region. The LAZADA brand is owned by Alibaba Group , a company listed in New York. One of the 18 founders of Alibaba, veteran executive Lucy Peng will take over as Lazada’s chief executive, replacing founder Max Bittner who will become a senior adviser to Alibaba. View and compare HRG,lazada on Yahoo Finance. “It’s a sign of how seriously Alibaba perceive the growth opportunity, and competitive threats, in Southeast Asia,” said James Lloyd, Asia-Pacific fintech leader at EY. BEIJING/SINGAPORE (Reuters) - Alibaba Group Holding Ltd BABA.N said it will invest an extra $2 billion in Southeast Asian e-commerce firm Lazada Group and tapped a top executive to run the business, as it takes on rivals such as tech titan Amazon in an aggressive expansion in the region.