By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
TechziTechziTechzi
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Search
© 2023 Techzi . All Rights Reserved.
Reading: Alibaba Remains Bullish on Southeast Asia Despite Lazada Struggles
Share
Font ResizerAa
TechziTechzi
Font ResizerAa
Search
  • Home
  • Community
    • Our Review
    • Join Our Slack community
    • Referral: Richieee
    • Referral: 6 for 6
  • Publications
    • Special Report: SE Asian Startup Funding
    • Top 30 Most Funded Southeast Asia Startups
  • Agencies
  • About
    • About us
    • Contact
Have an existing account? Sign In
Follow US
© 2023 Techzi . All Rights Reserved.
e-Commerce

Alibaba Remains Bullish on Southeast Asia Despite Lazada Struggles

Archy Ehan
Last updated: February 14, 2024 1:31 am
Archy Ehan
Share
2 Min Read
SHARE
  • Alibaba remains bullish on Southeast Asia, despite struggles with its Lazada platform.
  • It will maintain investments in Lazada, balancing growth and efficiency.
  • Success beyond Lazada with AliExpress and Trendyol drives Alibaba’s regional commerce optimism.

Contents
Long-term vision for SE-AsiaStrategic measures for LazadaDiversified success beyond Lazada

Long-term vision for SE-Asia

Alibaba Group continues to view Southeast Asia as a crucial long-term market, according to the CEO of Alibaba International Digital Commerce, Jiang Fan.

This comes even as the group’s flagship Lazada platform struggles amid heightened regional competition from rivals like Temu and TikTok Shop.

Strategic measures for Lazada

Lazada recently laid off up to 30% of staff across Southeast Asia in a bid to trim losses.

But in Alibaba’s latest earnings call, Fan asserted the group will maintain “appropriate scale” investments in Lazada while balancing growth and efficiency. Alibaba injected $634 million into Lazada in December 2023.

Diversified success beyond Lazada

Beyond Lazada, Fan highlighted strong gains for other Alibaba e-commerce brands. Orders on the cross-border platform AliExpress grew 60% year-on-year thanks to its Choice business.

Revenue at the Turkish marketplace Trendyol also climbed healthily.

The optimism echoes Alibaba CFO Toby Xu’s comments that overall international commerce revenue expanded 44% annually last quarter.

Despite challenges facing Lazada, Alibaba appears confident it can compete in Southeast Asia through a diversified e-commerce portfolio.

TAGGED:div5

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook X Copy Link Print
Share
Previous Article Stand Out on Social Media: Neil Patel’s 7 Ways to Create Valuable Content
Next Article Anthony Vicino Reveals 13 Tiny Lessons for Gaining 250,000+ Followers

Subscribe to our newsletter to get our newest articles instantly

Please enable JavaScript in your browser to complete this form.
=

Stay Connected

XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow

Latest News

Techzi is Pausing
Media December 24, 2024
Twitch Pioneer Emmett Shear Launches Mysterious AI Venture
AI December 24, 2024
OpenAI CEO Labels Musk a ‘Bully’ in Latest Tech Titan Clash
AI December 24, 2024
AI Revolution Could Spark Live Entertainment Boom
Culture December 24, 2024

You Might also Like

AIHardware

PepsiCo’s Tech-Powered Supply Chain Revolution

August 2, 2024
Strategy

Chris Donnelly Recommends 24 Life-Changing TED Talks for 2024 to Boost Your Skills

April 3, 2024
CreatorsFintech

Fintech: Revolutionizing Financial Inclusion in Southeast Asia

February 12, 2024
Deep TechFAANG

The Rise of Smart Rings

March 11, 2024
Startups

Accredify Secures Series A Extension from NASDAQ-Listed Okta

March 29, 2024
Health-Tech

Allozymes Secures $15M for European Conquest and Biotech Breakthroughs

May 20, 2024
SaaS

Ayudante Bolsters SEA Presence with Sparkline Acquisition

June 24, 2024
e-Commerce

Grab’s Q2 2023: Narrowing Losses, Rising Revenue, and a Dash of Disappointment

August 22, 2024
FintechVC

Temasek Launches Massive $7.5B Private Credit Powerhouse

December 12, 2024
SaaS

Hackers Hijack Software Update to Target CyberLink Users

February 12, 2024
Fintech

GCash Doubles Down: Philippine E-Wallet Giant’s Valuation Soars to $5B

August 9, 2024
Media

TikTok Abandons Music Streaming Ambitions, Shutters TikTok Music

September 30, 2024

Techzi

SE Asian tech news: Free & Comprehensive. Read more

Quick Links

  • Logistics
  • Marketplace
  • Mobility
  • Startups
  • VC
  • Food tech
  • Gaming
  • Health-Tech
  • Media
  • Social Media
  • SaaS
  • Travel

Quick Links

  • AI
  • Edutech
  • Climate
  • Creators
  • Crypto & Web3
  • Culture
  • Deep Tech
  • e-Commerce
  • FAANG
  • Fashion
  • Fintech

Techzi Tech Newsletter

FREE and Curated by Tech Insiders

Legal

Privacy Policy

Terms & conditions

TechziTechzi
Follow US
© 2024 Techzi . All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?