Lazada Group Receives New Funding Round of US$250M

Dec 11, 2013 (Wed): Lazada, one of the largest online shopping mall in Southeast Asia raises a large funding round from a group of investors including Tesco PLC, Access Industries, Investment AB Kinnevik and Verlinvest, which adds approximately US$250 million (RM804.13 million) of cash to Lazada’s balance sheet.

This marks the first investment by multichannel retailer Tesco into a pure online player in the region and is the starting point of close cooperation between the parties. Synergies of this partnership will span across customer analytics, private label development and supply chain management.

Author: VSDaily Editor

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