Alibaba's Lazada Unit Achieves Profitability in July
- Lazada, Alibaba's Southeast Asian e-commerce unit, turned EBITDA-positive for the first time in July, marking a significant milestone for the company. - CEO James Dong announced the profitability milestone in an internal meeting, attributing it to effective business strategies and ongoing investments in Southeast Asia. - Alibaba reported that Lazada's loss per order had narrowed significantly due to better monetization and reduced logistics costs. - Despite not breaking out Lazada's financials, Alibaba's international e-commerce division posted a wider adjusted EBITDA loss of $1.12 billion in the latest fiscal year. - Lazada continues to face stiff competition from Amazon and Sea's Shopee in the Southeast Asian market. Source: [Marketwatch]()
