Lazada chief business officer James Chang resigns from SG unit’s board

A Lazada logistics facility in Indonesia.

Lazada Group chief business officer James Chang has resigned from the board of its Singapore entity, per regulatory filings.

Lazada Singapore CEO Loh Wee Lee and CFO Qian Hao have joined the board as directors, according to the entity’s filings with Accounting and Corporate Regulatory Authority (ACRA).

Chang, a former Rocket Internet executive, has spent 10 years at Lazada, including three as the CEO of the Alibaba-owned e-commerce platform. In September, Lazada announced that Loh Wee Lee from Lazada Group CEO’s office would replace Chang as its Singapore chief. Chang was moved into a regional role as the chief business officer at the Lazada Group.

“As part of our management refresh, Loh Wee Lee, who prior to this served as chief of staff, head of Group CEO Office at Lazada Group and Lazada Indonesia, was appointed in Nov 2021. Wee Lee has been with Lazada since 2018, driving commercial and corporate development,” said a Lazada spokesperson.

“As with standard industry practice, Wee Lee took over his predecessor, James Chang’s position on the board as well. James Chang is still with Lazada serving as group chief business officer,” added Lazada.

Chang’s board exit takes place against a wider backdrop of a leadership shuffle that has been underway in Lazada for several months. Many of these changes have taken place at the group level.

Last June, DealStreetAsia reported that two Lazada Group board directors, (Frank) Luo Wei and (Gladys) Chun Ming Li, stepped down. Luo was Lazada Group’s chief financial officer, while Chun is Lazada’s general counsel. Luo and Chun would continue in their roles as CFO and GC respectively, Lazada confirmed to DealStreetAsia at the time.

Its Chinese e-commerce parent Alibaba continues to nurture ambitious plans for Lazada even as it continues to wrestle with the likes of Sea Group’s Shopee and GoTo’s Tokopedia for market share in Southeast Asia.

Last month, Alibaba announced that it had set a target of $100 billion in gross merchandise value (GMV) for Lazada. The Southeast Asian marketplace had previously generated $21 billion in GMV from September 2020 to the same month in 2021. The firm also told investors that expects Lazada to roughly double its customer count to 300 million customers. By comparison, Shopee generated $35.4 billion in GMV for the full calendar 2020 year.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.