Retail in Asia

In Trends

JP Morgan invests in Southeast Asian online retailer Lazada

Lazada, an online department store operating in five Southeast Asia countries, has confirmed an investment by J.P. Morgan Asset Management, which it said will take a stake in the company through its German holding firm.
 
The online retail chain manages its own logistics and distribution centers in Indonesia, Vietnam, Philippines, Thailand and Malaysia.

(Source: philstar.com)