Lazada

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Southeast Asia’s internet economy is expected to exceed US$240 billion by 2025, a fifth more than previously estimated, as more consumers use their smartphones to go online. The joint study from Google and Temasek first published in 2016, encompasses ride-hailing, ecommerce, online travel and online media. The latest report, released

Alibaba Group announced that it will invest an additional US$2 billion in Lazada to accelerate the growth plans of Southeast Asia’s largest ecommerce platform and deepen its integration into the Alibaba ecosystem. Including this new capital for expansion, Alibaba will have invested a total of US$4 billion in Lazada, which

Alibaba has increased its stake in Southeast Asian e-commerce platform Lazada from 51 per cent to approximately 83 per cent. The deal values Lazada at US$3.15 billion, reflecting a significant increase in the value of Lazada since Alibaba first acquired its majority stake in April 2016. Lazada, which will continue

Southeast Asian online marketplace Lazada, owned by Alibaba, is joining forces with Uber and Netflix to launch a new digital loyalty program in Singapore. The membership program, LiveUp, gives members access to rewards and discounts on online shopping, food delivery and Uber rides, as well as a free 6-month Netflix