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Alibaba unit Lazada acquires RedMart

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"The capital flexibility provided through this deal will go towards innovating to delight our customers," says Mr Egan.

Singapore

ALIBABA'S South-east Asian subsidiary Lazada is acquiring Singapore e-grocer RedMart.

The acquisition will allow Lazada to benefit from RedMart's order fulfilment capabilities in Singapore and also accelerate RedMart's expansion into new product categories, both said in a

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