Quadrupled Cross-Border Sales Push Lazada to Boost Cross-Border Operations and Pursue International Brands
Over the last three years, Lazada has seen its cross-border sales quadrupled. Consequently, the region’s leading e-marketplace is looking to onboard quality international brands and boost its cross-border operations. At the same time, It will also identify and nurture top 300 brands among all cross-border sellers in all of the markets Lazada has a presence in.
During the announcement, a revamped “Global Collection” is among its initiatives that tap on algorithm-based search functions to filter the wide cross-border assortment. Backed by Alibaba, Lazada is confident to equip its cross-border sellers and brands with the how-to and expertise about the region and infrastructure from its backer.
The $8.8 million worth of funding has been set aside to grow at least three new local businesses, and it is part of GrowthWorks, a venture-building unit within P&G. The investment aims to help new Singapore-based businesses scale globally, whether in terms of branding, technology platforms, or business models.
In the US, there are 130 ongoing experiments under this unit. GrowthWorks brings together the entrepreneurial spirit of a lean start-up and the scale and resources of a corporation. It’s worth to note that the investment is the most significant commitment to the program outside the US.
The newly-offered rental service from Grab will include a car, a driver, and fuel. Users can simply make a rental through GrabCar app, enter a pick-up location that is within the Klang Valley area.
The service is priced from $117 for four hours, $166 for six hours and $215 for eight hours. If users exceed the time booked, an additional charge of $0.73 per minute will be incurred. There is also a surcharge of $12 for drop-offs to Genting Highlands and KLIA/KLIA2.
RebateMango will be able to boost its user base to more than one million across Southeast Asia with the acquisition of its competitor DeeDee Cashback. In return, DeeDee Cashback’s users will be able to access deals, offers, and rewards available on RebateMango’s website and app.
The key difference between RebateMango and other cash-back sites is its ability to provide different rewards to consumers doing online shopping, with a choice of cashback, air miles or loyalty points.
Kaidee is heading to Thailand’s upcountry areas to increase the number of second-hand sellers on the platform to ramp up its revenue this year. Currently, there are around 1 million active sellers, and they are targeting 6 million second-hand sellers in the country.
In addition to the 70% revenue-growth target, the company is now in discussion with investors to raise funds for expansion and aims to break even in 2021. Kaidee also plans to increase its staffs by 40% in 10 provinces.