News & Insights

Markets
BABA

Alibaba Sees $100 Bln GMV At Southeast Asian E-commerce Unit Lazada

December 17, 2021 — 07:33 am EST

Written by RTTNews.com for RTTNews ->

(RTTNews) - Chinese online retail giant Alibaba Group Holding Ltd. (BABA) said during an investor presentation that it aims for $100 billion in gross merchandise volume (GMV) and more than 300 million customers at its Southeast Asian e-commerce unit Lazada.

Singapore-based Lazada has grown its GMV to about $21 billion over the past 12 months, after enlarging its active consumer base by 1.8 times to 130 million from March 2020 through September 2021.

Lazada's monthly active users as of September were 159 million.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

Markets
RTTNews
Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.
More articles by this source ->

Stocks mentioned

BABA

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

  • •

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.