Tag Archives: Lazada

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

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(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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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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