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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]
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.
An online shop evokes the physical analogy of buying products or services at a regular "brick-and-mortar" retailer or shopping center; the process is called business-to-consumer (B2C) online shopping. When an online store is set up to enable businesses to buy from another businesses, the process is called business-to-business (B2B) online ...
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] In Thailand, WeLoveShopping was established in 2004 as a C2C online marketplace by Ascend Group, a spin-off of True Corporation and a subsidiary of C.P. Group.
Shopee was established in Singapore in February 2015 as a mobile-focused marketplace that enables users to browse, shop, and sell products. [10] The platform integrates logistical and payment support to facilitate transactions and is designed to operate with minimal physical assets.
International Toyworld Inc., doing business as Toy Kingdom, is a large toy store chain owned and developed by the SM Group by the late Chinese Filipino taipan, Henry Sy, Sr.. It features a variety of toys, gizmos & gadgets. The first branch opened at SM Megamall in 1991. Now more than 20 branches are opened inside and outside SM Supermalls ...
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.
In 2020, due to the circuit breaker measures as a result of COVID-19 pandemic in Singapore, the Great Singapore Sale was cancelled on 3 May and moved online from 24 August, making it the first online GSS in its 26 year run. [5] In 2021, the Great Singapore Sale [6] teamed up with online shopping platform Lazada [7] and transformed the retail scene.
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