
Lazada, the Southeast Asian arm of Chinese e-commerce firm Alibaba Group Holding , said on Friday it would replace its chief executive officer, as it battles for dominance in the fast-growing market.
25 published items with the word (s) or phrase Lazada in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
Lazada, the Southeast Asian arm of Chinese e-commerce firm Alibaba Group Holding , said on Friday it would replace its chief executive officer, as it battles for dominance in the fast-growing market.
This year marks the 10th anniversary of Alibaba’s 11.11 shopping festival and the Chinese e-tailer is celebrating the occasion with 180,000 brands, 200,000 offline smart stores and a ‘see now, buy now’ fashion show.
Alibaba Group Holding Ltd reported better than expected top line results on Friday, driven by strong sales in its commerce and cloud computing units, even as margins were squeezed by flurry of investments.
Alibaba said it will invest an additional $2 billion in Southeast Asian e-commerce firm Lazada Group and replace its CEO, consolidating its control over the firm as it targets an aggressive expansion in the region.
Amazon on Wednesday launched its subscription-based Prime service in Singapore that provides access to fast shipping, streaming and gaming, intensifying competition with rival Alibaba-backed Lazada in Southeast Asia.
The Asia e-tailing summit, an event to examine e-commerce opportunities and its best practices, will begin on December 6, 2017 at Hong Kong and will run for three days.
Estee Lauder’s stock hit a record high after the cosmetics maker forecast holiday-quarter sales ahead of market expectations Wednesday, banking on demand for its acquired makeup brands that are popular with millennials.
Cosmetics firms like Shiseido or CG giant Unilever are partnering up with Asian owned e-commerce companies, including Alibaba-owned Lazada, to ride the wave of online growth in the region.
Snapdeal-owned Unicommerce reported a healthy EBITDA margin of 20-25% in the first quarter (April-June 2017), becoming one of the very few start ups in India to achieve full profitability.
Alibaba, China's top e-commerce firm, beat analyst estimates with a 56 percent rise in first-quarter revenue, driven by strong online sales.