Southeast Asian e-commerce giant Lazada has received an additional investment of $634 million from its parent company, Alibaba Group.
Lazada is dominating the mobile shopping realm across Southeast Asia. App analytics and market data platform “App Annie” named it the number-one shopping app in Southeast Asia.
Lazada, a Southeast Asian e-commerce platform owned by Alibaba Group, held a cross-border e-commerce conference on Mar. 7, and announced a series of cross-border business strategy upgrade initiatives.
Ant Financial Services Group announced today that Lucy Peng will be stepping down from her role as Executive Chairman of Ant Financial to focus on her new role.