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- Lazada Group (t/a Lazada) is an international e-commerce company founded by Maximilian Bittner, Mads Faurholt, Stefan Bruun, and Raphael Strauch with the backing of Rocket Internet in 2012, and owned by Alibaba Group. In 2014, Lazada Group operated sites in multiple countries and had raised approximately US$647 million over several investment rounds from its investors such as Tesco, Temasek Holdings, Summit Partners, JPMorgan Chase, Investment AB Kinnevik and Rocket Internet. Its sites launched in March 2012, with a business model of selling inventory to customers from its own warehouses. In 2013 it added a marketplace model that allowed third-party retailers to sell their products through Lazada's site; the marketplace accounted for 65% of its sales by the end of 2014. In April 2016, Alibaba Group bought controlling stake in Lazada to support Alibaba's international expansion plans.In September 9, 2018, Lazmall was launched on the platform to encourage purchase from 100% authentic brands. Extra services like 15 days return policy and also next day delivery was put in place.In August 2018, Lazada is the largest e-commerce operator in Southeast Asia based on average monthly web visits.In September 2019, Lazada claimed it was the top e-commerce platform in Southeast Asia with more than 50 million active buyers annually.
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"lazada." Anagrams.net. STANDS4 LLC, 2024. Web. 16 May 2024. <https://www.anagrams.net/lazada>.
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