Lazada receives new round of funding for expansion

Thu, Jun 20, 2013: Lazada, a famous online departmental store in Southeast Asia has raised a new round of funding worth US$100 million (RM319.9 million) from a new Belgium-based investor Verlinves and its existing investors.

Lazada recently also rolled out its new mobile application for its users to do shopping via mobile as they expected the mobile commerce in the region will be continue to grow as many users only have access to the Internet through smartphones.