Lazada Group

Lazada to focus on winning in existing markets, no deal talks for now

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Lazada Malaysia CEO Hans-Peter Ressel on growth opportunities.

An employee at online retailer Lazada walks into the company's office in Jakarta, Indonesia April 15, 2016.  REUTERS/Darren Whiteside  - RTX2A348
REUTERS/Rick Wilking/Files
Amazon to establish Singapore presence in Q1 2017

Amazon is ready to enlarge its presence in Asia through plans to set up a regional HQ in Singapore, following reports earlier this year that it planned to establish itself in the Indonesian market with a war chest estimated at $600 million.

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