JP Morgan Invests in Lazada to Fuel its Growth
Adam Parnala | On 14, Sep 2012
We received the news from Lazada earlier today that they’ve gotten an investment from JP Morgan Asset Management, a global leader in investment management. If you’re fond of gadgets and you’re always on the web to visit various websites, chances are, you know Lazada. They are arguably the fastest growing online store in the Philippines.
You can check out the press release that was sent to us by Lazada below.
This announcement of partnership for Lazada and JP Morgan will definitely help Lazada a lot in their quest of further expansion in the Philippines. The amount that was invested to Lazada was not disclosed but according to Yugatech, it points to about $50 million.