Alibaba-backed Lazada to buy Singapore online grocer RedMart

Alibaba-backed Lazada to buy Singapore online grocer RedMart

An employee at online retailer Lazada walks into the company's office in Jakarta, Indonesia April 15, 2016. REUTERS/Darren Whiteside - RTX2A348

Lazada, a Southeast Asian online shopping and selling platform Wednesday announced that it had reached a deal to acquire Singapore-based RedMart, which pioneered e-grocer services in the city-state.

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