Techloaded247Techloaded247
  • Home
  • Tech
  • Mobiles
    • My Gadgets
    • Gaming
  • Contact Us
  • Tech Jobs
    • TECH JOBS IN NIGERIA
    • TECH JOBS IN U.S.A
    • TECH JOBS IN CANADA
    • TECH JOBS IN INDIA
  • ABOUT US
Facebook Twitter Instagram
Facebook Twitter Instagram
Techloaded247Techloaded247
  • Home
  • Tech

    Dell XPS 15 i7 11th Gen Intel – Touchscreen Laptop

    How to Create Block Quote in Google Docs

    Best Cheap Cloud Hosting Server 2023

    How to Fix Stuck on Meta Quest Logo Screen? (SOLVED)

    What is Smart Energy?

  • Mobiles
    1. My Gadgets
    2. Gaming
    3. View All

    How to sell Apple HomePod

    Fan Favorite Disney Apple Watch Bands You’ll Love

    Samsung Smart Tag Wallet: Overview

    Galaxy Watch 4 42mm vs 46mm – The Right Size For You?

    Games like Uncharted For Xbox: Adventure and Treasure

    How To Fix Sprint Bug in Dead Space Remake

    Dead Space Remake Review: What’s New

    Revealing Rise of the Ronin, a new action-RPG

    iPhone 15 Pro — Everything We Know So Far

    Fitbit Sense 2 vs Fitbit Sense: Full Comparison

    Google Pixel 7 Vs. iPhone 14 Plus: Full Comparison

    Fixing Iphone That Won’t Charge: Easy Steps

  • Contact Us
  • Tech Jobs
    • TECH JOBS IN NIGERIA
    • TECH JOBS IN U.S.A
    • TECH JOBS IN CANADA
    • TECH JOBS IN INDIA
  • ABOUT US
Techloaded247Techloaded247
Home » Alibaba Plans to Grow Southeast Asia E-Commerce
Digital Marketing

Alibaba Plans to Grow Southeast Asia E-Commerce

Abdulmujeeb OwolabiBy Abdulmujeeb OwolabiUpdated:December 20, 2021No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Alibaba Plans to Grow Southeast Asia E-Commerce
Share
Facebook Twitter LinkedIn Pinterest Email

Alibaba unveiled an ambitious plan this week to develop its Southeast Asian e-commerce company to $100 billion in transactional sales, as well as a goal to become carbon neutral by 2030.

In presentation slides posted to its site for its annual Investor Day, where it generally reveals sales numbers and future objectives of its business units with investors, China’s largest e-commerce company presented its vision for its Southeast Asian e-commerce arm Lazada on Friday. During a presentation on Friday, Alibaba’s chief executive Daniel Zhang also discussed the company’s carbon emission ambitions.

The goal to quintuple Lazada’s overall gross merchandise volume — defined as the entire amount of sales transacted on its platform — came as the Chinese business sought new development opportunities outside of its home market, where it faced greater competition and a weakening economy.

According to the presentation slides, Alibaba wants Lazada to serve 300 million customers in the future. In 2016, the Hangzhou-based company acquired a majority stake in Lazada, and in 2018 it invested an extra $2 billion to expand the business.

During a presentation on Friday, Alibaba’s incoming chief financial officer, Toby Xu, said the company’s China commerce business has encountered “near-term headwinds of a weakening macro-environment and a heightened level of competition.”

“As a result, GMV and revenue growth have slowed in the most recent quarter,” he explained. “However, we see chances to tap into new addressable markets and grow new consumers, which will help us position ourselves effectively in the long run.”

With 159 million monthly active users, Lazada’s gross merchandise volume for the last twelve months from September 2021 hit $21 billion. In a separate presentation on Friday, Alibaba CEO Daniel Zhang stated that the company saw “substantial potential in the overseas markets” in the future.

“E-commerce penetration in Southeast Asia is barely 11%, and Lazada’s annual consumers account for only 34% of regional Internet users,” Zhang said. “Both the total market size and our penetration have huge potential.”

Alibaba’s drive into Southeast Asia comes as it faces stiffer competition in its home market from rivals in short-video e-commerce, such as Kuaishou, and group-buying site Pinduoduo, which has spent extensively on sales and marketing to grow its user base.

Over the last year, the company has also been subjected to heightened regulatory scrutiny, as Chinese authorities enhanced regulatory monitoring in the technology industry in response to worries that some Big Tech companies were engaging in anti-competitive and monopolistic activities. Alibaba was fined a record $2.8 billion earlier this year after antitrust authorities determined it had broken the law.

Alibaba Plans to Grow Southeast Asia E-Commerce

Separately, Zhang stated on Friday that the company plans to achieve carbon neutrality in its own operations by 2030, as well as halve emissions across its supply chain and business environment.

Zhang also stated that the corporation intends to cut emissions by utilizing more renewable energy sources as well as “energy-saving and efficiency-improving technologies.”

Alibaba would also enlist the help of consumers, merchants, business partners, and service providers in their efforts to reduce carbon emissions. Examples given by Zhang include encouraging the use of green products, green transportation options, and the reuse and resale of used things.

Alibaba’s commitment to minimizing its carbon footprint aligns with China’s ambitious goal of becoming carbon-neutral by 2060. Currently, the country is the world’s largest carbon emitter, accounting for about a third of worldwide emissions.

Many of China’s state-owned enterprises have now been given energy targets, though most have struggled to wean themselves off coal usage, which is one of the country’s largest contributors to enormous carbon emissions.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Abdulmujeeb Owolabi
  • Website

Abdulmujeeb Owolabi writes SEO articles for businesses that want to see their Google search rankings surge. With his 5 years of SEO expertise in writing tech, crypto, and finance blogs, you can reach him on Owolabi@techloaded247.com His articles focused on balancing information with SEO needs–but never at the expense of providing an entertaining read.

Related Posts

What is Google Analytics and How Does it Work

Features Of Bitcoin-The Future Money!

How To Build Credit: 5 Ways To Increase Your Credit Fast

HOW TO BECOME A FREELANCE WRITER FROM SCRATCH

Add A Comment

Leave A Reply Cancel Reply

New Comments
  • MintCoder on Apple removes the Apple Watch Series 6 from its official lineup
Techloaded247
WhatsApp Facebook Telegram Twitter Discord
  • Home
  • Tech
  • My Gadgets
  • Mobiles
  • Get In Touch

© 2023 Techloaded247. Designed by Techloaded Team.

Type above and press Enter to search. Press Esc to cancel.