ONLINE store Lazada.com has confirmed an investment by JP Morgan Asset Management, which will take a stake in the firm via its German holding.
JP Morgan Asset Management portfolio manager Robert Cousin, who worked on the deal from New York, confirmed the transaction.
He said in a statement: “We are excited to partner with Lazada as it continues to expand its e-commerce presence in Southeast Asia.”
Following its parallel launch in five Southeast Asian countries earlier this year, it said web ranking site Alexa.com is already ranking it among the top local business-to-consumer e-commerce sites...
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