365:
company would expect to reduce its
Southeast Asia headcount by 25%-50%. The retrenched workers were given 2 weeks of pay for every year worked with them. Lazada later published an apology statement, stating it would consult the union for future retrenchment exercises. The union though accepted the apology, found that the retrenchment benefits was not satisfactory, and were in negotiation with Lazada for a better retrenchment benefits for the affected workers. Later it came to light that the retrenched workers are being locked down by a set of 12-month non-compete clauses if they wish to retain their vested stocks. The non-compete clauses include the prevention of working in an extensive list of companies such as in the supermarket chain NTUC Fairprice.
50:
2292:
38:
377:
2282:
256:, Maximilian Bittner founded Lazada in 2012 as a marketplace platform that sells inventory to consumers from its own warehouses. Lazada modified its business model the following year to allow third-party retailers to sell their products on its platform too. The marketplace accounted for 65% of the company's sales in 2014.
734:
in its products and packaging. This coincided with the launch of an Earth Day promotion, when 5,000 products labelled "sustainable" or "planet-friendly" were grouped into a promotional section on Lazada's platform, including polyester shirts, razors, electric toothbrushes, and more. Sustainability
364:
On 3 January 2024, Lazada began retrenching an undisclosed number of employees from its
Singapore headquarters. Despite its workers being unionised, the union, Food, Drinks and Allied Workers Union (FDAWU), was not consulted by the company about the retrenchment exercise. It was reported that the
317:
The company commenced operations in
Singapore in May 2014, where it is currently headquartered. In 2014, Lazada recorded $ 152.5 million in net operating losses, with net revenues of $ 154.3 million, although the percentage of losses—relative to gross merchandise value—was lower than the previous
421:
In April 2016, Alibaba Group announced its intention to acquire a controlling stake in Lazada by paying $ 500 million for new shares, and buying $ 500 million worth of shares from existing investors. Tesco sold its stake in Lazada—totalling 8.6%—to
Alibaba for $ 129 million. Alibaba based its
353:
In 2023, Alibaba was restructured internally into six business units held by a holding company in response to China's regulatory pressure to decentralise its business power. and Lazada was placed under the
Alibaba International Digital Commerce (AIDC) business unit. AIDC would inject up to
422:
investment on the growth of the middle class in
Southeast Asia, having estimated that the regional population with a disposable income of $ 16 to $ 100 a day would double to 400 million people by 2020.
714:
Lazada faces issues of counterfeit products being sold on its platform. The company has insisted a zero tolerance policy towards such products. As a response they have launched LazMall in 2018, The
336:
In March 2016, Lazada claimed it had become the largest e-commerce player in
Southeast Asia, after recording $ 1.36 billion in annual gross merchandise value across the six markets it operates in.
325:
shopping was high. Less than 1% of people shopped online, compared to the international average of 10% at that time. This meant that Lazada had to tackle issues associated with the lack of
1156:
751:
video promoting a sale by the company. Posted on 5 May, the video included a depiction of a woman using a wheelchair, which was perceived as an attempt to mock the younger sister of
1254:
735:
experts criticised the promotion as many of the products advertised were plastic disposable products, and offering discounts for such products did little to reduce plastic waste.
361:
Since 2023, Lazada had conducted several rounds of retrenchment. In
October 2023, it had a small retrenchment exercise. On 3 January 2024, it had another round of retrenchment.
1516:
343:
on its platform to encourage its users to purchase from authentic brands. New services such as a 15-day return policy and next-day delivery options were also put in place.
2326:
960:
2316:
1468:
310:-like business model in Southeast Asia, to take advantage of the nascent online consumer market and Amazon's weak presence in the region. Lazada's e-commerce websites
1824:
1551:
1483:
1351:
715:
1138:
2321:
1290:
1850:
1779:
869:
1902:
1063:
1044:
259:
Lazada operates in
Southeast Asia, except Myanmar, Laos, Cambodia, Brunei and East Timor. The company raised over $ 685 million from investors such as
2336:
1223:
1629:
1602:
2026:
887:
1003:
1187:
2341:
1704:
850:
1164:
1025:
1411:
1734:
2331:
1674:
1375:
1273:
1119:
925:
1575:
718:
recorded Lazada to be the largest source of reports for counterfeit products it received in the first half of 2023 at 69 percent.
835:
1325:
2079:
1081:
906:
2246:
1100:
1307:
981:
810:
2346:
2019:
249:, with over 10,000 third-party sellers as of November 2014, and 50 million annual active buyers as of September 2019.
1139:"Samwers' Online Shopping Mall Lazada Gets $ 40M From Shareholder Kinnevik To Push The Amazon Model In International"
2084:
2285:
2223:
2295:
2012:
1798:
1231:
1875:
1444:
314:
in 2012, before iOS and
Android mobile apps for its platform were launched in June the following year.
961:"Lazada, Rocket's Amazon clone in Asia, raises 'close to $ 20m' to develop its e-commerce marketplace"
318:
year due to growth in marketplace sales to $ 384 million that year, compared to $ 95 million in 2013.
2175:
1576:"Workers' union accepts Lazada's apology over layoffs; talks on better retrenchment benefits ongoing"
286:
Often, Lazada is compared to companies in Southeast Asia with a similar e-commerce platform, such as
1761:
389:
2185:
49:
1469:"Alibaba's regional online shopping unit Lazada marks new year with layoffs in Singapore (update)"
2180:
1524:
1491:
1419:
1383:
521:
1255:"Rocket's Lazada And Zalora Lost $ 235.3 Million In 2014 But Are Moving Toward Profitability"
2267:
2165:
2059:
772:
492:
330:
322:
307:
264:
227:
1004:"Amazon clone Lazada raises jaw-dropping $ 250M to mainstream e-commerce in Southeast Asia"
2170:
744:
268:
253:
176:
425:
In June 2017, Alibaba injected $ 1 billion in Lazada, raising its stake from 51% to 83%.
283:
acquired a controlling stake in April 2016 to support its international expansion plans.
1045:"Lazada, Rocket Internet's Amazon Clone In Southeast Asia, Raises $ 250M Led By Temasek"
870:"Lazada says it is e-commerce leader in Southeast Asia with more than 50 million buyers"
507:
Verlinvest (lead), Holtzbrinck Ventures, Kinnevik AB, Summit Partners, Tengelmann Group
2148:
1517:"Lazada layoffs put spotlight on potential IPO, growing competition in South-east Asia"
1274:"Shoppers on Lazada last year spent $ 350 million as ecommerce booms in Southeast Asia"
752:
272:
246:
2310:
2207:
2100:
2035:
1903:"Critics question labelling of plastic products as 'eco-friendly' in Earth Day promo"
1205:
1188:"T-minus 10: Rocket Internet's ecommerce clones are aiming to conquer Southeast Asia"
731:
350:
to launch a new credit card, first in Malaysia, and subsequently in other countries.
280:
187:
1675:"Southeast Asia's middle class is diverse, confident, and growing richer by the day"
2054:
1825:"Lazada insists 'zero tolerance' for fake items, but can't inspect them one by one"
763:. 245,000 members of the army were prohibited from patronising Lazada as a result.
385:
306:
In 2012, Maximilian Bittner founded Lazada with the intention of establishing an
2140:
2074:
2069:
1603:"Lazada employees question non-compete clause, clawback of shares after layoffs"
326:
311:
276:
17:
1648:
2239:
2105:
1780:"Lazada veteran Pierre Poignant is replacing Lucy Peng as CEO | The Star"
1484:"NTUC 'deeply disappointed' over Lazada layoffs, says union was not consulted"
756:
242:
235:
194:
171:
144:
113:
76:
66:
1928:
1705:"Alibaba ups its stake in International's Lazada with $ 1 billion investment"
1528:
1495:
1423:
1387:
787:
777:
639:
295:
291:
55:
1352:"Citi and Lazada Launch Co-brand Credit Card Partnership in Southeast Asia"
1120:"Germany's Samwer Brothers To Become Billionaires With Rocket Internet IPO"
1082:"Here's how Lazada lost its lead to Shopee in Southeast Asia (Part 1 of 2)"
37:
2192:
2115:
2110:
2064:
418:
Lazada has raised multiple rounds of funding since its founding in 2012.
347:
333:
systems, and the need for reliable delivery—especially in rural regions.
160:
132:
2197:
2049:
1762:"Alibaba doubles down on Lazada with fresh $ 2B investment and new CEO"
140:
384:
Graphs are unavailable due to technical issues. There is more info on
2217:
2202:
2130:
2125:
907:"Lazada's Marketplace platform accounts for 65% of its sales revenue"
782:
748:
287:
136:
1851:"Anti-Piracy Month: Lazada tops PH list of online fake goods source"
1376:"Alibaba splits into six units, plans new IPOs in historic overhaul"
1101:"Shopee pulls ahead of Tokopedia in Indonesia as e-commerce thrives"
1064:"Alibaba buys controlling stake in Southeast Asian retailer Lazada"
2251:
2234:
2229:
2135:
2120:
760:
260:
2004:
1630:"Alibaba Expands in Southeast Asia With $ 1 Billion Lazada Deal"
814:
128:
2008:
1876:"Lazada shows sustainability commitment with LazEarth campaign"
1026:"Lazada Group Raises $ 249 Million, Led by Singapore's Temasek"
888:"Sea's loss widens on investment in Shopee e-commerce platform"
370:
321:
Lazada faced challenges in 2015, when consumer preference for
851:"Lazada grows revenue and stable of online 3rd-party sellers"
1996:
1972:
1649:"Tesco starts sell-off ahead of results with Asian disposal"
1552:"Lazada apologises to FDAWU over retrenchments in Singapore"
1980:
1964:
1735:"Alibaba invests another $ 912m in Singapore-based Lazada"
1445:"Alibaba pours $ 634m into Lazada as competition heats up"
401:
Countries served by Lazada as of 4 October 2022:
1954:
1326:"Lazada launches Southeast Asia's biggest mall 'LazMall'"
982:"Rocket Internet's e-commerce giant Lazada raises $ 100M"
926:"These 2 Companies Dominate E-Commerce in Southeast Asia"
537:
Temasek (lead), Kinnevik AB, Verlinvest, Rocket Internet
210:
1988:
836:"Alibaba replaces Lazada CEO in South-east Asia shakeup"
1929:"Thai army boycotts e-commerce giant Lazada over video"
1206:"Lazada launches in Singapore with a new site and logo"
1062:
Choudhury, Saheli Roy; Kharpal, Arjun (12 April 2016).
245:
company and one of the largest e-commerce operators in
804:
802:
1412:"Lazada cuts staff amid speculation of upcoming IPO"
1157:"Lazada launches mobile shopping app for Android OS"
811:"Meet the man behind the 'Amazon of Southeast Asia'"
2260:
2158:
2093:
2042:
205:
193:
183:
167:
150:
121:
108:
100:
82:
72:
62:
1733:
1308:"Lazada claims to be SEA's No 1 e-commerce player"
1546:
1544:
1643:
1641:
1628:Chen, Lulu Yilun; Wang, Selina (12 April 2016).
747:in May 2022 due to a controversy arising from a
1019:
1017:
716:Intellectual Property Office of the Philippines
1224:"Lazada launches in its home ground of S'pore"
759:. Chulabhorn uses a wheelchair as a result of
54:Lazada One, Lazada's regional headquarters in
2020:
997:
995:
8:
976:
974:
954:
952:
950:
948:
946:
30:
27:Singaporean-Chinese multinational technology
1849:Baclig, Cristina Eloisa (13 October 2023).
1727:
1725:
1405:
1403:
838:. Garage - The Business Times. 3 June 2022.
2027:
2013:
2005:
1698:
1696:
339:In September 2018, the company introduced
48:
36:
29:
2327:Singaporean companies established in 2012
601:
427:
2317:Internet properties established in 2012
1624:
1622:
798:
346:In October 2019, Lazada partnered with
1597:
1595:
7:
2322:Retail companies established in 2012
2281:
1823:Relativo, James (6 September 2022).
1443:Cordon, Miguel (11 December 2023).
1137:Lunden, Ingrid (12 November 2012).
1024:Purnell, Newley (1 December 2014).
1272:Millward, Steven (20 March 2015).
1002:Grant, Rebecca (9 December 2013).
329:, the concomitant requirement for
25:
1732:Neo, Kristie (1 September 2022).
1253:Cunningham, Susan (12 May 2015).
1043:Russell, Jon (29 November 2014).
924:Sanchez, Luis (28 January 2020).
868:Zhang, Jane (11 September 2019).
849:Huang, Claire (6 November 2014).
730:campaign in April 2022 to reduce
2337:Online marketplaces of Singapore
2291:
2290:
2280:
959:Russell, Jon (22 January 2013).
905:Yaw, Min Jie (7 November 2014).
809:Ansuya Harjani (17 April 2014).
375:
1099:Florene, Ursula (4 June 2021).
1927:Hoskins, Peter (10 May 2022).
1901:Hicks, Robin (27 April 2022).
1760:Russell, Jon (19 March 2018).
1186:Russell, Jon (20 March 2012).
1163:. 19 June 2013. Archived from
743:Lazada faced a boycott by the
739:Boycott by the Royal Thai Army
1:
2342:2016 mergers and acquisitions
2247:World Electronic Sports Games
1222:Ho, Victoria (4 June 2014).
1204:Tan, Vanessa (27 May 2014).
1030:Digits - Wall Street Journal
550:Alibaba Group (acquisition)
1799:"Lazada appoints a new CEO"
1515:Goh, Timothy (2024-01-09).
1482:Goh, Timothy (2024-01-05).
1410:Goh, Timothy (2024-01-03).
2363:
2332:Alibaba Group acquisitions
1118:Mac, Ryan (31 July 2014).
524:, Kinnevik AB, Verlinvest
156:Jiang Fan (Group Chairman)
2276:
1855:Philippine Daily Inquirer
1797:Gan, Joe (26 June 2020).
231:
201:Lazada Singapore Pte. Ltd
47:
35:
2224:South China Morning Post
892:Business Times Singapore
874:South China Morning Post
127:Southeast Asia, except
241:) is an international
163:(Executive Chairwoman)
158:James Dong (Group CEO)
88:; 12 years ago
1880:Marketing Interactive
358:into Lazada in 2023.
2176:Amblin Entertainment
1291:Home-field advantage
1234:on 24 September 2015
726:Lazada launched its
710:Counterfeit products
2186:DreamWorks Pictures
1829:The Philippine Star
1786:. 13 December 2018.
757:Princess Chulabhorn
753:King Vajiralongkorn
630:Maximilian Bittner
603:
429:
86:March 27, 2012
32:
2347:Singaporean brands
1997:Lazada Philippines
1449:www.techinasia.com
1332:. 3 September 2018
602:
598:Leadership changes
428:
104:Maximilian Bittner
2304:
2303:
2181:Amblin Television
1681:. 11 January 2016
1521:The Straits Times
1488:The Straits Times
1471:. 3 January 2023.
1416:The Straits Times
1380:The Straits Times
1356:www.citigroup.com
1312:Digital News Asia
894:. 23 August 2018.
702:
701:
595:
594:
573:$ 378.25 million
522:Access Industries
397:
396:
221:
220:
16:(Redirected from
2354:
2294:
2293:
2284:
2283:
2268:Hupan University
2166:Alibaba Pictures
2060:J. Michael Evans
2029:
2022:
2015:
2006:
2001:
1993:
1985:
1977:
1969:
1965:Lazada Indonesia
1961:
1958:
1957:
1955:Official website
1941:
1940:
1938:
1936:
1924:
1918:
1917:
1915:
1913:
1898:
1892:
1891:
1889:
1887:
1872:
1866:
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1861:
1846:
1840:
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1837:
1835:
1820:
1814:
1813:
1811:
1809:
1794:
1788:
1787:
1776:
1770:
1769:
1757:
1751:
1750:
1748:
1746:
1737:
1729:
1720:
1719:
1717:
1715:
1700:
1691:
1690:
1688:
1686:
1671:
1665:
1664:
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1660:
1645:
1636:
1626:
1617:
1616:
1614:
1613:
1599:
1590:
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1586:
1572:
1566:
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1562:
1548:
1539:
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1535:
1512:
1506:
1505:
1503:
1502:
1479:
1473:
1472:
1465:
1459:
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1440:
1434:
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1431:
1430:
1407:
1398:
1397:
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1372:
1366:
1365:
1363:
1362:
1348:
1342:
1341:
1339:
1337:
1322:
1316:
1315:
1314:. 10 March 2016.
1304:
1298:
1288:
1282:
1281:
1269:
1263:
1262:
1250:
1244:
1243:
1241:
1239:
1230:. Archived from
1219:
1213:
1202:
1196:
1195:
1183:
1177:
1176:
1174:
1172:
1153:
1147:
1146:
1134:
1128:
1127:
1115:
1109:
1108:
1096:
1090:
1089:
1088:. 24 March 2021.
1078:
1072:
1071:
1059:
1053:
1052:
1040:
1034:
1033:
1021:
1012:
1011:
999:
990:
989:
978:
969:
968:
956:
941:
940:
938:
936:
921:
915:
914:
902:
896:
895:
884:
878:
877:
865:
859:
858:
846:
840:
839:
832:
826:
825:
823:
821:
806:
670:Pierre Poignant
660:Pierre Poignant
604:
586:$ 912.5 million
493:Tengelmann Group
479:Summit Partners
430:
406:
379:
378:
371:
357:
331:cash on delivery
323:brick and mortar
233:
217:
214:
212:
96:
94:
89:
52:
40:
33:
21:
18:Lazada Indonesia
2362:
2361:
2357:
2356:
2355:
2353:
2352:
2351:
2307:
2306:
2305:
2300:
2272:
2256:
2171:Amblin Partners
2154:
2089:
2038:
2033:
1999:
1992:(in Vietnamese)
1991:
1983:
1981:Lazada Thailand
1975:
1973:Lazada Malaysia
1968:(in Indonesian)
1967:
1959:
1953:
1952:
1949:
1944:
1934:
1932:
1926:
1925:
1921:
1911:
1909:
1900:
1899:
1895:
1885:
1883:
1882:. 20 April 2022
1874:
1873:
1869:
1859:
1857:
1848:
1847:
1843:
1833:
1831:
1822:
1821:
1817:
1807:
1805:
1796:
1795:
1791:
1778:
1777:
1773:
1759:
1758:
1754:
1744:
1742:
1731:
1730:
1723:
1713:
1711:
1702:
1701:
1694:
1684:
1682:
1673:
1672:
1668:
1658:
1656:
1655:. 12 April 2016
1647:
1646:
1639:
1627:
1620:
1611:
1609:
1601:
1600:
1593:
1584:
1582:
1574:
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1558:
1550:
1549:
1542:
1533:
1531:
1514:
1513:
1509:
1500:
1498:
1481:
1480:
1476:
1467:
1466:
1462:
1453:
1451:
1442:
1441:
1437:
1428:
1426:
1409:
1408:
1401:
1392:
1390:
1374:
1373:
1369:
1360:
1358:
1350:
1349:
1345:
1335:
1333:
1324:
1323:
1319:
1306:
1305:
1301:
1289:
1285:
1271:
1270:
1266:
1252:
1251:
1247:
1237:
1235:
1221:
1220:
1216:
1203:
1199:
1185:
1184:
1180:
1170:
1168:
1155:
1154:
1150:
1136:
1135:
1131:
1117:
1116:
1112:
1098:
1097:
1093:
1080:
1079:
1075:
1061:
1060:
1056:
1042:
1041:
1037:
1023:
1022:
1015:
1001:
1000:
993:
988:. 20 June 2013.
980:
979:
972:
958:
957:
944:
934:
932:
930:The Motley Fool
923:
922:
918:
904:
903:
899:
886:
885:
881:
867:
866:
862:
848:
847:
843:
834:
833:
829:
819:
817:
808:
807:
800:
796:
769:
745:Royal Thai Army
741:
724:
712:
707:
600:
583:September 2022
453:JPMorgan Chase
447:September 2012
416:
411:
410:
409:
408:
407: Available
404:
398:
393:
380:
376:
356:US$ 1.8 million
355:
304:
269:Summit Partners
254:Rocket Internet
209:
200:
177:Online shopping
174:
159:
157:
153:
124:
117:
92:
90:
87:
58:
43:
42:Logo since 2019
28:
23:
22:
15:
12:
11:
5:
2360:
2358:
2350:
2349:
2344:
2339:
2334:
2329:
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2319:
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2302:
2301:
2299:
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2277:
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2273:
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2258:
2257:
2255:
2254:
2249:
2244:
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2242:
2232:
2227:
2220:
2215:
2210:
2205:
2200:
2195:
2190:
2189:
2188:
2183:
2178:
2168:
2162:
2160:
2156:
2155:
2153:
2152:
2149:Xuexi Qiangguo
2145:
2144:
2143:
2133:
2128:
2123:
2118:
2113:
2108:
2103:
2097:
2095:
2091:
2090:
2088:
2087:
2082:
2077:
2072:
2067:
2062:
2057:
2052:
2046:
2044:
2040:
2039:
2034:
2032:
2031:
2024:
2017:
2009:
2003:
2002:
1994:
1989:Lazada Vietnam
1986:
1978:
1970:
1962:
1948:
1947:External links
1945:
1943:
1942:
1919:
1893:
1867:
1841:
1815:
1789:
1771:
1752:
1721:
1703:Russell, Jon.
1692:
1666:
1637:
1618:
1591:
1567:
1556:www.hcamag.com
1540:
1507:
1474:
1460:
1435:
1399:
1382:. 2023-03-28.
1367:
1343:
1317:
1299:
1297:, 7 March 2015
1283:
1264:
1245:
1214:
1197:
1178:
1148:
1129:
1110:
1091:
1073:
1054:
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563:Alibaba Group
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2159:Subsidiaries
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1907:Eco-Business
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2141:Tmall Genie
2075:Joseph Tsai
2070:Jonathan Lu
1740:Nikkei Asia
1714:20 December
1124:VentureBeat
1008:VentureBeat
820:30 November
698:James Dong
654:March 2018
636:March 2018
633:March 2012
622:References
544:April 2016
442:References
386:Phabricator
277:Kinnevik AB
123:Area served
116:, Singapore
2311:Categories
2240:UC Browser
2106:AliExpress
1860:14 October
1834:14 October
1766:TechCrunch
1709:TechCrunch
1634:Bloomberg.
1612:2024-01-14
1585:2024-01-14
1561:2024-01-14
1534:2024-01-14
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1454:2024-01-14
1429:2024-01-14
1393:2024-01-14
1361:2024-02-01
1161:The Nation
1143:TechCrunch
1049:TechCrunch
855:The Nation
794:References
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692:June 2020
686:Group CEO
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667:Group CEO
651:Lucy Peng
648:Group CEO
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152:Key people
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