Lazada Ph : Please click the link👇to order your product of choice.. invol.co/cllcso6?url=https%3A%2F%2Fpages.lazada.com.ph%2Fwow%2Fgcp%2Froute%2Flazada%2Fph%2Fupr_1000345_lazada%2Fchannel%2Fph%2Fupr-router%2Frender%2F%3Fwh_pid%3D%252Flazada%252Fchannel%252Fph%252Faffiliate%252Fams_lp%252Falp Company type : Subsidiary Industry : E-commerce Founded : March 27, 2012; 12 years ago Founder : Maximilian Bittner[1] Headquarters : 👇 Bras Basah, Singapore Area served Southeast Asia, except Laos, Cambodia, Brunei, Myanmar and East Timor Key people : Jiang Fan (Group Chairman)[2] James Dong (Group CEO) Lucy Peng (Executive Chairwoman) Services E-commerce (Online shopping) Owner Alibaba Group Subsidiaries Lazada Vietnam Lazada Singapore Pte. Ltd Website : www.lazada.com Backed by Rocket Internet, Maximilian Bittner founded Lazada in 2012 as a marketplace platform that sells inventory to consumers from its own warehouses. Lazada modified its business model the following year to allow third-party retailers to sell their products on its platform too.[citation needed] The marketplace accounted for 65% of the company's sales in 2014.[6][needs update] Lazada operates in Southeast Asia, except Myanmar, Laos, Cambodia, Brunei and East Timor. The company raised over $685 million from investors such as Tesco, Temasek, Summit Partners, JPMorgan Chase, and Kinnevik AB, before Alibaba Group acquired a controlling stake in April 2016 to support its international expansion plans. Often, Lazada is compared to companies in Southeast Asia with a similar e-commerce platform, such as Shopee, Tokopedia, and Bukalapak.