The story begins: Chinese Internet giant Alibaba Group Holding Ltd., in its biggest overseas acquisition to date, said Tuesday it would pay about $1 billion for a controlling stake in Singapore e-commerce startup Lazada Group, betting on growth in populous Southeast Asia. The acquisition of Lazada—which sells everything from rice cookers to smartphones and operates […]
My Story on Lazada and E-Commerce in Indonesia
My newest story focuses on a rapidly expanding startup, Lazada Indonsesia, that’s aiming to be the country’s Amazon.com. The piece also looks at the promise of e-commerce in the populous country. It begins: JAKARTA—Executives at Lazada Indonesia, a fast-growing e-commerce startup aiming to be the Amazon.com of Southeast Asia, faced a couple of unexpected challenges […]