You are here

Alibaba unit Lazada acquires RedMart

Thursday, November 3, 2016 - 05:50

BT_20161103_ASREDMART_2579015.jpg
"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

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom