Alibaba rumoured to dump Lazada

Quick Summary:

An industry source familiar with Alibaba and the e-commerce industry says the company is in talks with Central Group and Charoen Pokphand (CP) to sell its stake in Lazada Thailand, following intensifying competition in the local market.

"There are several rumours Alibaba would like to sell Lazada as the e-marketplace segment faces intense competition from Shopee and fast-rising TikTok," said the source.

Another source who requested anonymity questioned whether the rumour is true as Central posted a loss of 20 billion baht from its joint venture JD Central with Chinese internet giant JD.com.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: ThailandAustralia

Topics: Year Lazada Baht Million Profit Alibaba Shopee Billion Source Thailand Posted

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-20 @ 05:49:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 580 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 21316724

View Article Analysis

About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 9 posts per day

Year Established: 1946

Headquarters: Thailand

News Last Updated: 3 hours ago

Coverage Areas: Thailand

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #66

Publisher Details

Frequently Asked Questions