TikTok's gross merchandise volume (GMV) for its e-commerce business in the first half of 2022 exceeded $1 billion, which is equivalent to the full-year volume the platform saw in 2021.
Lazada, a Southeast Asian e-commerce firm owned by Alibaba, has appointed James Dong as CEO of Lazada Group, and he will also serve as CEO of Lazada Indonesia.
Chinese tech giant Alibaba plans to expand its Southeast Asian e-commerce subsidiary Lazada's business to Europe, seeking to promote overseas business growth amid slowing opportunities at home.
Lazada awarded 21 female merchants in acknowledgement of their resilience and innovation in advancing e-commerce businesses on the platform.
Chinese tech giant Alibaba had previously mentioned its intention to raise at least $1 billion for Lazada, its e-commerce platform in Southeast Asia, but has since rolled back its off.
Chinese e-commerce giant Alibaba has set a target for gross merchandise volume (GMV) of $100 billion for its Southeast Asian marketplace Lazada.
With the trade war raging on and the Chinese tech ecosystem reaching maturity, the journey to the west that every half-successful local CEO saw as a prerequisite for global success now feels redundant.
Daraz Group and its parent organization Rocket Internet SE have both announced today that the Chinese e-commerce giant Alibaba Group has acquired Daraz. Alibaba Group acquired the entire share capital from Rocket Internet for an undisclosed amount, making Daraz Group an wholly owned subsidiary under Jack Ma’s empire.
Alibaba Group announced today that it will invest another $2 billion in Lazada Group in an effort to accelerate its growth and deepen its integration with the Alibaba ecosystem. Lazada is the largest e-commerce platform in Southeast Asia.