Archive for November 5th, 2018

Lazada Launches 11.11 Online Shopping Festival in Singapore

Monday, November 5th, 2018

At its prelude to Lazada’s 11.11 online shopping festival, the Alibaba company hosted a panel discussion on the state of eCommerce in Southeast Asia with S. Iswaran, Minister for Communications & Information, Minister-in-Charge of Trade Relations.

 

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Lucy Peng, Chief Executive Officer, Lazada Group, at the Lazada 11.11 launch event.

Lazada Group also announced that it will support eight million eCommerce entrepreneurs and small-medium enterprises (SMEs) in Southeast Asia to grow and thrive by 2030.

Members of the panel discussion included S. Iswaran, Minister for Communications & Information, Minister-in-Charge of Trade Relations; Pierre Poignant, Executive President, Lazada Group and Simon Baptist, Global Chief Economist, Managing Director, EIU Asia.

Members of the panel discussion included S. Iswaran, Minister for Communications & Information, Minister-in-Charge of Trade Relations; Pierre Poignant, Executive President, Lazada Group and Simon Baptist, Global Chief Economist, Managing Director, EIU Asia.

The company committed itself to create an inclusive and sustainable eCommerce ecosystem in the region and champion opportunities in technology and logistics infrastructure to benefit its ecosystem of sellers, consumers and local communities.

“Bargain-hunters are also fun-seekers. Shopping doesn’t have to be boring and our business is not just about offering discounts or a one-off deal. So we are introducing games for shoppers to have some fun while browsing, buying and getting discounts – and they are loving it. Our focus is about building a great shopping experience. It’s the heart to everything we do and what makes an eCommerce operation vibrant,” said Jing Yin, Co-president, Commercial, Lazada Group.

As part of the pledge, Lazada will assist SMEs to digitise their businesses and gain better access to Internet-savvy and mobile consumers; make it easier for sellers to create their own brands on Lazada; while leveraging the company’s logistics network to facilitate the transfer of goods.

The event is a prelude to Lazada’s 11.11 Shopping Festival which will offer a full customer shopping experience for shoppers in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam on November 11.

Lazada boasts that shoppers can look forward to more than 50 million deals, including discounts of up to 90% on more than one million items during the 24-hour shopping spree.

This is the first time that Lazada is participating in the 11.11 Global Shopping Festival together with other Alibaba Group platforms including Taobao and Tmall.

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M1 CEO Karen Kooi to Retire – Manjot Singh Mann Succeeds

Monday, November 5th, 2018

M1 Limited (M1) announced today that Ms Karen Kooi Lee Wah 64, will retire as Chief Executive Officer (CEO) on 6 December 2018, after 23 years with the Group, to pave the way for leadership renewal.

“It has been my privilege and honour to witness and build on M1’s growth since its early beginnings, together with a capable and dedicated management team. I would not have accomplished as much without the team. After having spent 23 years with the Company, it is time for me to hand over the mantle. M1 is well-positioned for the next phase of growth and I am committed to working closely with the Board and Manjot to ensure a smooth transition,” said retiring incumbent M1 CEO, Karen Kooi.

“It has been my privilege and honour to witness and build on M1’s growth since its early beginnings, together with a capable and dedicated management team. I would not have accomplished as much without the team. After having spent 23 years with the Company, it is time for me to hand over the mantle. M1 is well-positioned for the next phase of growth and I am committed to working closely with the Board and Manjot to ensure a smooth transition,” said retiring incumbent M1 CEO, Karen Kooi.

She will be succeeded by telco veteran Manjot Singh Mann who will join as its new CEO on the same date.

“On behalf of the Board of Directors, Management and staff of M1, I would like to express our gratitude and appreciation towards Karen for her dedication, service and invaluable contributions to the M1 Group in the last 23 years. We wish Karen well in her retirement,” said Danny Teoh, Chairman of M1.

Pending developments related to Konnectivity’s pre-conditional offer for M1 shares, Karen Kooi will remain on the Board as a Director of M1 Limited.

She will also remain as advisor to the Board till 28 February 2019 to ensure a smooth transition.

Manjot Singh Mann brings with him over 28 years of well-rounded operational leadership experience across diverse geographical markets and a unique blend of insights and perspectives in the rapidly evolving telecommunications industry.

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