Wednesday, November 2, 2016

Done deal: Alibaba-backed Lazada acquires online grocer RedMart

The deal will*accelerate RedMart’s expansion into new product categories and in enhancing its service offering to customers by leveraging Lazada’s seller base and advanced technological resources Lazada, Southeast Asia’s leading online shopping and selling platform, has agreed to acquire Singapore’s online grocery major RedMart, according to an official statement. While the size of the deal...
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