Alibaba's Lazada Wants Armani, D&G to Help Hit $100 Billion Goal [Yahoo! Finance Canada]
Sea Limited American Depositary Shares, each representing one Class A Ordinary Share (SE)
Last sea limited american depositary shares, each representing one class a ordinary share earnings: 3/3 06:30 am
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Source: Yahoo! Finance Canada
Most Read from Bloomberg Executives met this week in Milan with founders and managers of more than a hundred Italian brands interested in tapping Southeast Asia through LazMall Luxury, a recently launched platform. Those included Armani, Dolce & Gabbana, Ferragamo and Tod's, Chief Business Officer Jason Chen told Bloomberg News. That courtship is one aspect of a campaign to try and fend off Sea Ltd.'s Shopee, ByteDance Ltd.'s TikTok and PDD Holdings Inc. in a Southeast Asian online commerce arena expected to reach $186 billion by 2025. TikTok and Shopee in particular have vied fiercely for merchants and shoppers in key markets from Indonesia to Singapore. “Lazada is ready to ramp up as entering this new phase of e-commerce development, where profitability, commercialization and long-term gains are priorities for the business,” Chen said in an online Zoom interview. “The current push to broaden our luxury segment will further fuel these efforts as we reinforce our brand position
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