Southeast Asia’s E-Commerce Battleground: Lazada’s Path to Profitability
Alibaba’s Lazada, one of the top online shopping platforms in Southeast Asia, has marked a significant milestone by reporting its first monthly profit in July 2024. This achievement is a testament to Alibaba’s USD 7.4 billion investment in the platform since 2016. Lazada’s success comes despite intense competition in Southeast Asia, particularly from TikTok Shop, […]