Tag Archives: Lazada

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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Lazada Philippines ‘no longer an eCommerce company’

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(Source: Inside Retail Philippines | 11 August 2016) Lazada Philippines is “no longer an eCommerce company,” CEO and cofounder Inanc Balci told delegates of the NRCE in Manila. “Today it is an mCommerce company. More than 60 per cent of our sales are now coming from mobile devices”, he said during the conference organised by the Philippine Retailers Association. Mobiles ...

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Lazada Malaysia signs loan deal with bank

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(Source: Inside Retail Asia | 23 June 2016) CIMB Bank and eCommerce giant Lazada Malaysia have signed a partnership agreement to enable Lazada merchants to apply for small and medium enterprise (SME) loans. Under the agreement, the bank offers Enterprise Clean Loans (ECL) to Lazada merchants to support the expansion of Malaysian SMEs. “The collaboration is a joint effort to ...

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Rocket Internet to sell Zalora’s business in Thailand, Vietnam

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(Source: Retail in Asia | April 2016) Rocket Internet, the founder of Southeast Asia’s leading ecommerce platform Lazada, is going to sell its unprofitable Asian fashion portal Zalora, according totechcrunch.com. The tech news website said on Friday that Rocket Internet is in the process of selling its businesses in Thailand and Vietnam to cut down on costs. A local conglomerate ...

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Lazada, SM share expertise to take advantage of rising online shoppers

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(Source: Business Mirror | 11 March 2016) Billionaire Henry Sy, owner of the largest Philippine builder and retailer, has partnered with an online retailer backed by Germany’s Rocket Internet SE to target the rising number of consumers in the Southeast Asian nation who shop using the Internet. SM Investments Corp., Sy’s holding company, has reached an agreement to use the ...

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How Lazada built a mall on the internet

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(Source: Manila Standard Today | By Roderick T. dela Cruz, Darwin G. Amojelar | May. 16, 2015 ) Inanc Balci, a banker from Turkey, was only 26 years old when he first came to the Philippines in 2012 to establish a startup company selling goods online. That company has quickly thrived on the expanding market of tech-savvy Filipinos and turned into ...

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Lazada to hold first mobile power sale on Feb 25

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Source: Rappler.com | Feb 21, 2015 One-day-only ‘flash sale’ comes amid changing consumer habits MANILA, Philippines – Lazada, the Philippines’ largest e-commerce website, is holding its first Mobile Power Sale on Wednesday, February 25. The Mobile Power Sale will be a one-day-only event only through the Lazada Mobile App and will feature steep discounts for customers. Highlights of the flash sale ...

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