Lazada news and archive

Lazada Group announces leadership succession plan

Southeast Asia’s leading e-commerce company, Alibaba-owned Lazada Group, has announced that its executive president Pierre Poignant will succeed Lucy Peng as CEO of the Lazada Group with immediate effect as part of the group’s succession planning. Peng will remain executive chairwoman of the Lazada Group. “Pierre is a well-respected Lazada...

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Alibaba doubles investment in SE Asia e-commerce firm

Chinese e-commerce giant Alibaba said Monday it will appoint one of its founders as head of Lazada and inject another $2 billion into Southeast Asia's leading online shopping firm, boosting its regional expansion. Alibaba, which already owns 83 percent of Lazada with two investments totalling $2 billion as of June last year, has been trying to...