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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