Lazada moves to new regional HQ amid moves to grow tech ecosystem in the region

SINGAPORE – E-commerce platform Lazada formally opened its new regional headquarters in the central Bras Basah district on Monday (April 11), from which it’s going to spearhead its progress in South-east Asia.

The firm additionally introduced it’s organising the Lazada Foundation to present scholarships and schooling alternatives for girls and youth in the digital financial system.

Mr Chun Li, Lazada’s chief government officer, mentioned the firm will speed up the tempo at which it cultivates and develops native expertise in the business and know-how fields to maintain its progress and innovation in the subsequent decade and past.

He added that the firm will likely be on the lookout for information scientists, engineers, and product builders in varied domains like funds and cyber safety.

Lazada’s new HQ will likely be unfold over 109,000 sq ft of workplace house, whereas mum or dad firm Alibaba can also be leasing 31,000 sq ft. This provides them a 58 per cent occupancy in the constructing at 51 Bras Basah Road, which has been renamed Lazada One.

This will likely be Lazada’s fourth workplace in Singapore.

Formerly the Manulife Centre, after which 5One Central, the constructing was refurbished via asset enhancement initiatives into an authorized inexperienced constructing.

A Lazada spokesman mentioned its workplace is supplied with superior tech-enabled and wellness areas, and is constructed with the subsequent era of expertise in thoughts.

“This will help create a productive space to grow and nurture talents,” the spokesman added, noting there’s a lack of expertise at the moment to meet the improve in demand from web shoppers.

Speaking at the launch occasion on Monday, Minister for Communications and Information Josephine Teo mentioned steps have been taken by the Government to assist small- and medium-sized enterprises or SMEs digitalise, so they continue to be aggressive and related in the digital age.

For occasion, the SME Go Digital Programme, which goals to assist SMEs use digital applied sciences and construct stronger digital capabilities, has benefited greater than 80,000 corporations since 2017.

“Three in four firms now adopt at least one digital solution. We intend to widen and deepen the digital capabilities of our SMEs so that they can continue to reap the benefits of (going) digital”, she added.

Touching on the expertise pool, Mrs Teo mentioned “the aim is to nurture a strong pipeline of tech talent who are the human capital that our enterprises need to flourish”, including that this has grow to be extra vital in the face of a world tech expertise crunch.

Lazada was based in 2012 and is one in every of the greatest e-commerce platforms in South-east Asia. It was acquired by Alibaba in 2016.

The e-commerce large has a presence in six nations – Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam.

Lazada wrapped up 2021 with $21 billion in gross merchandise worth (GMV), the quantity of gross sales earlier than bills are deducted. 

A Lazada spokesman mentioned as of March this 12 months, the firm has 1 million entrepreneurs and companies promoting merchandise on its platform, and that these companies are related to greater than 150 million customers each month.

Alibaba is headquartered in Hangzhou, however has a subsidiary, Alibaba Cloud, which established regional headquarters in Singapore in 2015.

Alibaba Cloud supplies cloud-based companies reminiscent of cloud computing, cloud servers, and synthetic intelligence options.

According to the Economic Development Board (EDB) web site, 46 per cent of regional headquarters for Asia are primarily based in Singapore. They come from a various vary of industries.

Last month, Dyson, well-known for its vacuum cleaners and different dwelling home equipment, opened its new world HQ in Singapore.

E-commerce large Amazon additionally expanded its workplace in the metropolis state in October final 12 months, signalling its ongoing dedication to funding right here.

Other Chinese tech corporations like Tencent and ByteDance even have their regional workplaces in Singapore.

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