Lazada information

Lazada Group
	Logo since 2019
	Lazada One, Lazada's regional headquarters in Singapore
Company type	Privately held company
Industry	E-commerce
Founded	March 27, 2012; 12 years ago
Founder	Maximilian Bittner
Headquarters	Bras Basah, Singapore
Area served	Southeast Asia, except Laos, Cambodia, Brunei, Myanmar and East Timor
Key people	Jiang Fan (Group Chairman); James Dong (Group CEO); Lucy Peng (Executive Chairwoman)
Services	E-commerce; (Online shopping)
Owner	Alibaba Group
Subsidiaries	Lazada Vietnam; Lazada Singapore Pte. Ltd
Website	www.lazada.com

Lazada Group (Chinese: 來贊達; t/a Lazada) is an international e-commerce company and one of the largest e-commerce operators in Southeast Asia, with over 10,000 third-party sellers as of November 2014, and 50 million annual active buyers as of September 2019.^[3]^[4]^[5]^{[needs update]}

Backed by Rocket Internet, Maximilian Bittner founded Lazada in 2012 as a marketplace platform that sells inventory to consumers from its own warehouses.^[1] Lazada modified its business model the following year to allow third-party retailers to sell their products on its platform too.^{[citation needed]} The marketplace accounted for 65% of the company's sales in 2014.^[6]^{[needs update]}

Lazada operates in Southeast Asia, except Myanmar, Laos, Cambodia, Brunei and East Timor.^[7] The company raised over $685 million from investors such as Tesco, Temasek, Summit Partners, JPMorgan Chase, and Kinnevik AB, before Alibaba Group acquired a controlling stake in April 2016 to support its international expansion plans.^[8]^[9]^[10]^[11]^[12]^[13]

Often, Lazada is compared to companies in Southeast Asia with a similar e-commerce platform, such as Shopee, Tokopedia, and Bukalapak.^[14]^[15]

^ ^a ^b Ansuya Harjani (17 April 2014). "Meet the man behind the 'Amazon of Southeast Asia'". CNBC. Retrieved 30 November 2019.
^ "Alibaba replaces Lazada CEO in South-east Asia shakeup". Garage - The Business Times. 3 June 2022.
^ Huang, Claire (6 November 2014). "Lazada grows revenue and stable of online 3rd-party sellers". The Nation.
^ Zhang, Jane (11 September 2019). "Lazada says it is e-commerce leader in Southeast Asia with more than 50 million buyers". South China Morning Post.
^ "Sea's loss widens on investment in Shopee e-commerce platform". Business Times Singapore. 23 August 2018.
^ Yaw, Min Jie (7 November 2014). "Lazada's Marketplace platform accounts for 65% of its sales revenue". e27.
^ Sanchez, Luis (28 January 2020). "These 2 Companies Dominate E-Commerce in Southeast Asia". The Motley Fool. Retrieved 4 October 2022.
^ Cite error: The named reference Next201301 was invoked but never defined (see the help page).
^ "Rocket Internet's e-commerce giant Lazada raises $100M". Vator. 20 June 2013.
^ Grant, Rebecca (9 December 2013). "Amazon clone Lazada raises jaw-dropping $250M to mainstream e-commerce in Southeast Asia". VentureBeat.
^ Purnell, Newley (1 December 2014). "Lazada Group Raises $249 Million, Led by Singapore's Temasek". Digits - Wall Street Journal.
^ Russell, Jon (29 November 2014). "Lazada, Rocket Internet's Amazon Clone In Southeast Asia, Raises $250M Led By Temasek". TechCrunch.
^ Choudhury, Saheli Roy; Kharpal, Arjun (12 April 2016). "Alibaba buys controlling stake in Southeast Asian retailer Lazada". CNBC.
^ "Here's how Lazada lost its lead to Shopee in Southeast Asia (Part 1 of 2)". KrASIA. 24 March 2021.
^ Florene, Ursula (4 June 2021). "Shopee pulls ahead of Tokopedia in Indonesia as e-commerce thrives". KrASIA.

[Ansuya_Harjani-2014-1] Ansuya Harjani (17 April 2014). "Meet the man behind the 'Amazon of Southeast Asia'". CNBC. Retrieved 30 November 2019.

[2] "Alibaba replaces Lazada CEO in South-east Asia shakeup". Garage - The Business Times. 3 June 2022.

[3] Huang, Claire (6 November 2014). "Lazada grows revenue and stable of online 3rd-party sellers". The Nation.

[4] Zhang, Jane (11 September 2019). "Lazada says it is e-commerce leader in Southeast Asia with more than 50 million buyers". South China Morning Post.

[5] "Sea's loss widens on investment in Shopee e-commerce platform". Business Times Singapore. 23 August 2018.

[6] Yaw, Min Jie (7 November 2014). "Lazada's Marketplace platform accounts for 65% of its sales revenue". e27.

[7] Sanchez, Luis (28 January 2020). "These 2 Companies Dominate E-Commerce in Southeast Asia". The Motley Fool. Retrieved 4 October 2022.

[Next201301-8] Cite error: The named reference Next201301 was invoked but never defined (see the help page).

[Vator-2013-9] "Rocket Internet's e-commerce giant Lazada raises $100M". Vator. 20 June 2013.

[Grant-2013-10] Grant, Rebecca (9 December 2013). "Amazon clone Lazada raises jaw-dropping $250M to mainstream e-commerce in Southeast Asia". VentureBeat.

[Purnell-2014-11] Purnell, Newley (1 December 2014). "Lazada Group Raises $249 Million, Led by Singapore's Temasek". Digits - Wall Street Journal.

[12] Russell, Jon (29 November 2014). "Lazada, Rocket Internet's Amazon Clone In Southeast Asia, Raises $250M Led By Temasek". TechCrunch.

[13] Choudhury, Saheli Roy; Kharpal, Arjun (12 April 2016). "Alibaba buys controlling stake in Southeast Asian retailer Lazada". CNBC.

[14] "Here's how Lazada lost its lead to Shopee in Southeast Asia (Part 1 of 2)". KrASIA. 24 March 2021.

[15] Florene, Ursula (4 June 2021). "Shopee pulls ahead of Tokopedia in Indonesia as e-commerce thrives". KrASIA.

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