TechNode
Alibaba’s Southeast Asia-focused retailing unit Lazada made its first monthly profit in July, CEO James Dong announced at a Tuesday internal meeting, saying the positive status of the firm’s earnings before interest, taxes, depreciation, and amortization (EBITDA) “proves the effectiveness of Lazada’s business strategy,” an attendee told TechNode…
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Alibaba’s Lazada makes first EBITDA profit in July, commits more investment
Alibaba’s Southeast Asia-focused retailing unit Lazada made its first monthly profit in July, CEO James Dong announced at a Tuesday internal meeting, saying the positive status of the firm’s earnings before interest, taxes, depreciation, and amortization (EBITDA) “proves the effectiveness of Lazada’s business strategy,” an attendee told TechNode…