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

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

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

Southeast Asia’s e-commerce platform Lazada Group – that sold a controlling stake to Alibaba last year and soon after acquired Singapore online grocery start-up RedMart – has no acquisition talks on the table for now as the firm does not want a “distraction” from its focus to improve in the six markets it is present in, a top Lazada executive told this portal. 

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