The Unicorn; Lazada Group; 独角兽企业; 98/174
Company Information |
|
---|---|
Valuation | $1.3 billion |
Sector | Retail |
Headquarters | Singapore |
Founded | 2012 |
CEO | Maximilian Bittner |
Lazada Group
Lazada Group is a privately owned e-commerce company headquartered in Singapore that was founded by Rocket Internet in 2011. As of 2014, Lazada Group operated sites in Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam and had raised approximately US$647 million over several investment rounds from its investors such as Tesco, Temasek Holdings, Summit Partners, JPMorgan Chase, Investment AB Kinnevik and Rocket Internet.
Its sites launched in March 2012, with a business model of selling inventory to customers from its own warehouses. In 2013 it added a marketplace model that allowed third-party retailers to sell their products through Lazada’s site; the marketplace accounted for 65% of its sales by the end of 2014.
Max initially joined Rocket Internet in Germany as a regional partner before taking on the role of CEO at Lazada.
Max holds a bachelor degree of economics and history from University College London and a MBA degree from Kellogg School of Management in Chicago.