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Lazada Group (Chinese: 來贊達; t/a Lazada) is an international e-commerce company and one of the largest e-commerce operators in Southeast Asia, with over 10,000 third-party sellers as of November 2014, and 50 million annual active buyers as of September 2019. [3] [4] [5] [needs update]
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Zalora and Lazada Malaysia rapidly spread out to neighbor countries and are now among the top most visited and most efficient websites in Southeast Asia. That is why international investors such as JP Morgan, Kinnevik and Summit Partners invested millions of dollars in Lazada, seeing the huge potential in the Southeast Asian market. [8]
A Lazada warehouse in Cabuyao, Laguna, Philippines in 2018. Third-parties can ship inventory to customers from Lazada's warehouses and sell their products through Lazada's online marketplace. Online marketplaces are information technology companies that act as intermediaries by connecting buyers and sellers.
Shopee was established in Singapore in February 2015 as a mobile-focused marketplace that enables users to browse, shop, and sell products. [9] The platform integrates logistical and payment support to facilitate transactions and is designed to operate with minimal physical assets.
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In 2021, the Great Singapore Sale [6] teamed up with online shopping platform Lazada [7] and transformed the retail scene. In 2022, the Singapore Retailers Association organised its last Great Singapore Sale from 9 September to 10 October 2022.
ShopBack is a cashback reward program [1] available across the Asia-Pacific (APAC). It allows online shoppers to receive a small percentage of their purchases on the platform, paid for through affiliate programs by the merchant.