Tag Archives: Lazada

Lazada Philippines names new CEO

Photo from: Lazada PH, Entrepreneur.com

(Source: Entrepreneur.com.ph | June 18, 2018) The local unit of e-commerce site Lazada has named Raymond Alimurung as its new chief executive officer. Lazada Philippines made the announcement official via a statement on Monday, June 18, although it was first reported on Thursday, June 14, after Alimurung’s wife, Quezon City Vice Mayor Joy Belmonte, made a congratulatory post on social ...

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Globe myBusiness, Lazada partner to boost retail sales via DigiMall

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(Source: Business Mirror | April 11, 2018) Globe myBusiness and Lazada Philippines recently entered into a partnership, showcased by the introduction of the future of retail in the 21st century via the DigiMall. The DigiMall, a reimagination of the marketplace using a “digital” shopping mall, will display local quality products from Lazada merchants through an interactive set-up. The partnership aims ...

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Alibaba doubles investment in SE Asia e-commerce firm

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(Source: Yahoo Singapore, AFP News | March 19, 2018) 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 ...

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Lazada to launch fully automated warehouse, hire robots next year

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(Source: ABS-CBN News | December 11, 2017) The country’s biggest e-commerce platform Lazada will introduce the first fully automated e-commerce warehouse in the country next year, its operations chief said. With 83 percent of its shares owned by Jack Ma’s Alibaba, Lazada is transitioning its operations from using traditional to artificial intelligence solutions to optimize operations. Balci revealed that robots ...

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Lazada hosts SM sale as malls, online stores co-exist in Philippine

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(Source: ABS-CBN News | October 17, 2017) The country’s largest mall operator, SM, kicked off a 3-day sale on Lazada on Tuesday, illustrating what the CEO of the online marketplace says can happen when physical and online retail don’t see each other as rivals. Shopping malls have become the new city centers in the Philippines. SM has 63 outlets locally, ...

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Lazada is sharing tips and tricks with retailers in month-long ‘Online Revolution’

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(Source: Techwire Asia | October 13, 2017) To date, Lazada says more than half a billion online consumers are scattered throughout Southeast Asia and now the e-commerce company is sharing knowledge with the region’s retailers on how they can tap into the huge market. The company plans to convey this during the upcoming Online Revolution shopping event which stretches between ...

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AIG Malaysia selling insurance on Lazada

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(Source: Inside Retail Asia | August 25, 2017) Lazada Malaysia and insurance company AIG Malaysia are partnering to provide a seamless insurance service online. “We are all digital natives now so it is our natural behaviour to look for products and services online among other things,” says Lazada Malaysia CEO Hans-Peter Ressel. “So selling insurance, as unlikely as it may be, ...

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Alibaba Group’s share in Lazada boosted to 83%

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(Inside Retail Asia | June 28, 2017) Alibaba Group’s share in Lazada has reached about 83 percent after the e-commerce giant bought out all but one other investor. Alibaba Group said it would spend about US$1 billion lifting its stake from the current 51 percent, which values the company at $3.15 billion – a “significant increase” in Lazada’s value from ...

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Samsung-Lazada deal expanding

05-29 Samsung-Lazada deal expanding

(Source: Inside Retail Asia | 26 May 2017) Alibaba-backed Lazada Group is to expand its strategic partnership with its biggest brand partner in sales, Samsung. The strengthened Samsung-Lazada deal follows strong performance over the past year of partnership, says the e-commerce retailer. Overall sales of Samsung products on Lazada last month were 2.5 times better than a year ago, with ...

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Record first day for Lazada’s 11.11 sale

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(Source: Inside Retail Philippines | 16 November 2016) Singapore’s Lazada Group had a record start to its annual 11.11 sale, with shoppers ordering 2 million items in the first 24 hours. Savings totalled US$39 million for the latest Lazada Online Revolution. Created in 2012 as a one-day sale, the event has subsequently run for one month every year. “Every year ...

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