J.P. Morgan invests in LAZADA
J.P. Morgan Asset Management, a leading asset management company is confirmed that invested in LAZADA, the leading online departmental store in Southeast Asia. LAZADA’s regional CEO Maximillian Bittner delighted the investment from J.P. Morgan which can further support their growth in Southeast Asia as they strive to offer all of their customers faster, convenient and secure online shopping experiences.
With the support of Rocket Internet, LAZADA has been launched in Indonesia, Vietnam, Philippines, Thailand and Malaysia with over 1,000 employees in the region, to offer wide range of consumer electronics to household goods, toys and sport equipment.
Today, LAZADA has surpassed most established local and international competitors and according to web ranking site Alexa.com it is already ranking among the top local B2C eCommerce sites in all of its markets.
by Terry Brown