Page 11 - Rocket Internet News Today

Marred by intense competition and several promotional campaigns, the three major e-commerce operators in Thailand have racked up a combined 39 billion baht in operational losses over the past seven years, according to Creden Data, a data analytics service provider.

Alibaba Group Holding Ltd will replace Lazada Group chief executive officer Chun Li with the head of its Thailand business and one-time business assistant to Alibaba CEO Daniel Zhang, according to people familiar with the matter.

Mr Li Chun will be replaced by the head of the company's Thailand business James Dong. Read more at straitstimes.com.

The announcement confirms DealStreetAsia’s report in May.

“Well, of course we should, it is one of the highest investment numbers we have ever heard of” - Screams the crowd. However may I remind you what Rocket

The reductions will focus on roles that have been automated by investments in engineering and product and support functions.

Former Uber exec spills the tea, Lyft slashes budgets, and Amazon drivers are hurting. It's all here in Last Week in Rideshare

FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time!

FinSMEs is the financial news site dedicated to covering venture capital, private equity, and merger and acquisition deals in real time!

Ex-Uber executive says plan to slash fares in Kenya was done "arbitrarily and unreasonably". She left the company in protest.