E-commerce deal
Source: Agencies |
November 3, 2016, Thursday
|
Print Edition
Print Edition
LAZADA Group, a Southeast Asian e-commerce company backed by Alibaba Group Holding Ltd, agreed to buy Singapore-based online grocer RedMart, the two companies said in a statement yesterday.
The statement did not disclose the value of the deal, which is expected to be completed in the current quarter.
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