Lazada is courting sellers affected by Indonesia’s latest e-commerce regulation, its Indonesia CEO James Chang told employees in a town hall meeting on\u2026
Since Tuesday, the company has waived fees for all sellers in Indonesia specifically doing livestream sales on Lazada, Chang said, according to a memo sent to employees after the town hall meeting seen by CNBC.
Lazada is a subsidiary of Chinese tech giant Alibaba Group, which it acquired control of in 2016. Lazada operates under Alibaba's Global Digital Business Group, which also includes AliExpress, Trendyol and Daraz., is courting sellers affected by Indonesia's latest e-commerce regulation, its Indonesia CEO James Chang told employees in a town hall meeting on Friday.
In the townhall meeting addressing Indonesian employees, Chang said the recent regulatory changes led to"a more positive, healthy competitive landscape for our industry's long-term growth." "While the immediate closure is positive for other existing players in the space , we view the recently amended regulation to ultimately limit the dominance of foreign e-commerce in Indonesia along with their imported goods," said Citi in a Wednesday report.
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