Lazada, the fastest growing online department store in the region, confirmed that JP Morgan has invested in Lazada. You might be familiar with Lazada since they're doing a lot of advertisements and they're selling some pretty good stuffs that you can't find anywhere in the Philippines. Lazada has already established a name in the Philippines by offering a wide range of products from equipments, toys, bags, consumer electronics and lotta more. Today, there are over 1000 employees are operating streamlined businesses with own logistics and distribution centers in Indonesia, Vietnam, Philippines, Thailand and Malaysia. This is just one of the signs that Lazada is really growing. The amount invested wasn't revealed but I hope that Lazada will have an improved features and services because of this investment very soon.
Subscribe to JAM Online to get the latest news about tech and other stuffs