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Lazada Group is a privately owned German e-commerce company founded by Rocket Internet in 2011. As of 2014, the Lazada Group operated sites in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam and had raised approximately US $ 647 million during several investments. rounds of its investors such as Tesco, Temasek Holdings, Summit Partners, JPMorgan Chase, Investment AB Kinnevik and Rocket Internet.
Their sites were launched in March 2012, with a commercial model of selling inventory to customers from their own warehouses. In 2013, it added a market model that allowed third-party retailers to sell their products through the Lazada site; the market represented 65% of its sales at the end of 2014.
As of April 2016, Lazada is majority owned by Alibaba Group.
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