05 Sep '12, 9am

JP Morgan invests in Rocket Internet’s Amazon clone, Lazada

JP Morgan invests in Rocket Internet’s Amazon clone, Lazada

JP Morgan to invest heavily in Rocket Internet’s e-commerce startup, Lazada. Just when word is out on the streets that Rocket Internet is losing its grip in Southeast Asia, the German online startup incubator is said to be receiving a new round of investment by prominent investment firm, JP Morgan . According to Indonesian tech blog, DailySocial, the total amount of investment which is reported to reach hundreds of millions of US dollars will mostly go into Indonesia’s e-commerce startup, Lazada. Lazada is an outright clone of Amazon.com, which was launched in March this year. Lazada quickly expanded to Thailand, Malaysia, Vietnam and the Philippines. Lazada focuses on electronic products such as cellphones, TVs, software, computers, and cameras. Dailysocial also reported that Lazada Indonesia will soon enter into a partnership with local telco, Telkomsel, to use its e-wal...

Full article: http://e27.sg/2012/09/05/jp-morgan-to-invest-in-rocket-in...

Comments

  1. 11 May '13, 9am

    Lazada is ecommerce website, the clone of Amazon. Lazada is launched in Southeast Countries such as Philippines, Indonesia, Thailand, Malaysia and Vietnam. Rocket internet has also launched Amazon clone Linio in Latin American countries such as Mexico, Peru, and Columbia, Venezuela.

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