The Amazon of Southeast Asia Picks Up $250M In Funding

The Amazon of Southeast Asia Picks Up $250M In Funding

Online shopping startup Lazada picked up $250 million from several investment firms—with Singapore-based company Temasek leading things. Founding company Rocket Internet joined the round of funding.

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Lazada’s operations are based in Southeast Asia and the company works in a fashion similar to Amazon or Alibaba. As a matter of fact, it leans very close to the Amazon in some of the shopping features it offers such as free shipping and free returns after a certain amount of days. It deals in many of the same goods as well with books, clothing, and electronics being hot sellers anywhere on the globe.

The $250 million mark isn’t new to Lazada, it also hit $250 million in funding last year. There’s more than just interest being shown in Lazada’s success, there’s confidence in “The Number 1 Shopping Mall In Southeast Asia” to not only be the major player in the region, but to eventually expand beyond the region.

Starting with Kabir News in 2013, James has focused on tech, gaming, and entertainment. When not writing, he enjoys catching up on sci-fi and horror shows and comics. He can be followed on Twitter @MetalSwift.

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