Lazada braces for a clash as Amazon enters Singapore
According to Bloomberg, Alibaba Group Holding Ltd. and Amazon.com Inc. are about to go head to head in the brewing ecommerce competition in Southeast Asia. Alibaba's Lazada Group will be right at the heart of the conflict.
Southeast Asia’s largest e-commerce site is rolling out a series of initiatives in anticipation of the U.S. giant’s entry next year. It’s expanding its delivery network within the region and beyond, via partners in China and Korea. It’s on the prowl for investments and acquisitions to shore up its supply chain. And it intends to delve deeper into online groceries in 2017, a notoriously difficult market it got into by buying RedMart.
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