CosmicTaco

Alibaba's Lazada Unit Achieves Profitability in July

CosmicTaco · 2024-08-13T12:19:06.570192+05:30

- Lazada, Alibaba's Southeast Asian e-commerce unit, turned EBITDA-positive for the first time in July, marking a significant milestone for the company. - CEO James Dong announced the profitability milestone in an internal meeting, attributing it to effective business strategies and ongoing investments in Southeast Asia. - Alibaba reported that Lazada's loss per order had narrowed significantly due to better monetization and reduced logistics costs. - Despite not breaking out Lazada's financials, Alibaba's international e-commerce division posted a wider adjusted EBITDA loss of $1.12 billion in the latest fiscal year. - Lazada continues to face stiff competition from Amazon and Sea's Shopee in the Southeast Asian market. Source: [Marketwatch](https://www.marketwatch.com/story/alibaba-s-lazada-unit-turned-ebitda-positive-in-july-b63b72cd)

Lazada, Alibaba's Southeast Asian e-commerce unit, turned EBITDA-positive for the first time in July, marking a significant milestone for the company.
CEO James Dong announced the profitability milestone in an internal meeting, attributing it to effective business strategies and ongoing investments in Southeast Asia.
Alibaba reported that Lazada's loss per order had narrowed significantly due to better monetization and reduced logistics costs.
Despite not breaking out Lazada's financials, Alibaba's international e-commerce division posted a wider adjusted EBITDA loss of $1.12 billion in the latest fiscal year.
Lazada continues to face stiff competition from Amazon and Sea's Shopee in the Southeast Asian market.

Source: Marketwatch

19mo ago