Lazada news and archive

Alibaba reportedly injects 634 million dollar capital into Lazada

Chinese marketplace giant Alibaba Group is believed to have injected a further 634 million dollars into its Southeast Asia e-commerce subsidiary, Lazada. The reported amount brings Alibaba’s total investment into the firm to over 1.8 billion dollars this year, according to Tech in Asia. It comes as Alibaba continues to readjust strategies to...

People

Lazada Group announces leadership succession plan

Southeast Asia’s leading e-commerce company, Alibaba-owned Lazada Group, has announced that its executive president Pierre Poignant will succeed Lucy Peng as CEO of the Lazada Group with immediate effect as part of the group’s succession planning. Peng will remain executive chairwoman of the Lazada Group. “Pierre is a well-respected Lazada...

Business

Alibaba doubles investment in SE Asia e-commerce firm

Chinese e-commerce giant Alibaba said Monday it will appoint one of its founders as head of Lazada and inject another $2 billion into Southeast Asia's leading online shopping firm, boosting its regional expansion. Alibaba, which already owns 83 percent of Lazada with two investments totalling $2 billion as of June last year, has been trying to...