250M USD for Lazada : UK retail giant Tesco becomes investor
Singapore, 9/12/2013 – Lazada, Southeast Asia’s largest online shopping mall, raises a large funding round from a group of investors including Tesco PLC, Access Industries, Investment AB Kinnevik and Verlinvest, which adds approximately US$250 million of cash to Lazada’s balance sheet. This marks the first investment by multichannel retailer Tesco into a pure online player in the region and is the starting point …