Lazada, one of Southeast Asia's largest online shopping malls, raised approximately USD250 million in a new round of funding from a group of investors including multi-channel retailer Tesco PLC.
The move is Tesco's first investment into a purely online retailer in the region and the start of close cooperation between the parties.
Lazada said the partnership will span across customer analytics, private label development and supply chain management.
Dispelling past criticism over raising money from only existing investors, Flipkart has announced the closure of its latest round of funding by raising Rs 990 crore (USD160 million) from new and existing investors. The new investors include Morgan Stanley Investment Management, Sofina and Vulcan Capital, and Dragoneer Investment Group.
In September 2012, a cloud-based customer, sales and inventory management tool for small retailers was launched in a public beta. Its creators, one of whom was once a small fashion retailer himself, had set their sights on developing a backend systems that would be cost-effective for small and medium enterprises (SMEs).
Flipkart, India’s largest e-commerce company, on Wednesday said it has raised USD200 million in a fresh round of funding . Its existing investors including Naspers, Accel Partners, Tiger Global and Iconiq Capital also took part.
Singaporean media company MediaCorp Pte Ltd on Monday announced that it has led the latest round of investments into Reebonz Pte Ltd, one of the region's fastest growing luxury online retailers.
The round raised SGD50 million (USD39.8m) and values Reebonz at over SGD250m. Post completion, Reebonz's total invested capital base stands at SGD100m. The investors include Vertex Asia Investments, Granite Global Ventures, Intel Capital, and Matrix Partners China and Infocomm Investments, the venture arm of the Infocomm Development Authority, Singapore.
Stelux Holdings, a Hong Kong-based retailer of mid-priced spectacles and watches, said its co-operation with the private equity firm Boyu Capital creates operating synergies that will help it to turn around its China business within three years, aided by online sales and relocation to second-tier cities.
Alibaba.com, which operates an e-commerce website linking Chinese businesses to overseas buyers, posted a 6 percent fall in fourth-quarter net profit, the first fall in more than two years, as a weak global economy slowed exports.
Alibaba Group has signed a USD3 billion loan, giving it the committed funding required for taking Alibaba.com private, sources told Basis Point, a Thomson Reuters publication, on Monday.
The Philippines' multi-format retailer The Robinsons Retail Group has adopted Manthan System's solution that will enable the company to standardise and automate end-to-end order to purchasing cycle, get visibility across sales, inventory, and payment data through embedded analytics, and finally build sustainable and profitable relationships.
Tesco, the world's third biggest retailer, has signed a joint venture to build three more shopping malls in China as part of its plans to rapidly expand in the country.
The British supermarket group said on Monday that 50 percent of the venture would be owned by a consortium of Asian investors including Singapore's Metro Holdings.
The largest lender of India's Vishal Retail, the State Bank of India (SBI), is negotiating with new investors to try to help the beleaguered retailer.
Currently private equity player TPG has signed an MoU (memorandum of understanding) with Vishal Retail to help it make a turnaround in the business.
At the same time a corporate debt-restructuring package is on the cards comprising the retailer's biggest lender SBI along with a clutch of other banks.