Revolving Door at Lazada continues...

Lazada, the Alibaba-backed competitor of Sea Limited (SE), has just replaced their CEO yet again. They are really struggling to compete against Sea, and it shows with their constant leadership shake-ups and continued drop relative to Shopee. It goes to show that deep pockets don’t always translate to business success.

Lazada, Alibaba’s Southeast Asian arm, appoints its third CEO in three years

https://wkzo.com/news/articles/2020/jun/26/alibabas-lazada-t…

PS: There are New York Times and WSJ versions of this article, but this was the first one I found that wasn’t behind a paywall. Enjoy!

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