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Alibaba unit Lazada acquires RedMart

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Published Wed, Nov 2, 2016 · 09:50 PM

    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 statement on Wednesday. The value of the deal was not disclosed.

    RedMartLazada

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