Chinese online retail giant Alibaba Group Holding Ltd. (BABA) said during an investor presentation that it aims for $100 billion in gross merchandise volume (GMV) and more than 300 million customers at its Southeast Asian e-commerce unit Lazada.
Singapore-based Lazada has grown its GMV to about $21 billion over the past 12 months, after enlarging its active consumer base by 1.8 times to 130 million from March 2020 through September 2021.
Lazada's monthly active users as of September were 159 million.
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May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.