Alibaba Group has acquired Daraz, its second purchase for a Rocket Internet company following the earlier deal for Lazada in Southeast Asia.
Continue reading “Alibaba acquires Daraz to extend South Asia reach”
Alibaba Group has acquired Daraz, its second purchase for a Rocket Internet company following the earlier deal for Lazada in Southeast Asia.
Continue reading “Alibaba acquires Daraz to extend South Asia reach”
Razer has teamed up with Lazada to put its newly-launched Razer Game Store on the e-commerce platform for Southeast Asia.
Continue reading “Razer Game Store on Lazada for Southeast Asia”
Leading e-commerce giant Alibaba has announced that it would pay US$1 billion for a controlling stake in Singapore startup Lazada, which has e-commerce operations across Southeast Asia.
Established by Rocket Internet in 2011, Lazada is a popular e-commerce platform for a wide range of consumer products.
“With the investment in Lazada, Alibaba gains access to a platform with a large and growing consumer base outside China, a proven management team and a solid foundation for future growth in one of the most promising regions for e-commerce globally,” said Michael Evans, President of Alibaba.