Lazada has not made a profit since 2013. Could Alibaba’s recent investments of US$2 billion turn the platform’s fortunes round?
Retailing giant Amazon will arrive in southeast Asia in 2017 as it opens a Singapore operation. However, existing e-commerce firms are in the process of pulling out of the region in the face of huge losses, poor infrastructure and pervasive logistics challenges.
LinkedinTwitterFacebook0By Zofia Reych Alibaba.com, the world’s biggest e-commerce company whose traffic exceeds that of eBay and Amazon combined, has been long criticised for tolerating and…