Lazada Singapore

From hourly updates during mega-sales days in the past, Lazada is now stonewalling journalists asking for details of layoffs.

Dethroned by PDD Holdings, Alibaba contends with greater structural problems. New e-commerce competitors force them to adapt.

Without statutory retrenchment pay in Singapore, affected employees bemoan the slim severance package offered by Lazada.

Some affected staff say they were offered a severance package of two weeks per year of employment, half of union standard norms.

The agreement follows the signing of a memorandum of understanding (MOU) between both parties in March.

Retailers will be eligible for subsidies of up to $8,000 to get on the Lazada platform.

As at 3.17pm, shares in FJ Benjamin are trading 1.4 cents higher or 70% up at 3.4 cents.

SINGAPORE (Dec 9): Amid the growing purchasing power of millennial consumers in Singapore and the rising number of online shoppers, Citi and Lazada Group have jointly launched the Citi Lazada credit card. 

SINGAPORE (Aug 23): CapitaLand on Wednesday announced two separate agreements with e-commerce leaders Alibaba Group and Lazada Singapore.

SINGAPORE (May 17): Online shopping giant Lazada Singapore has moved its entire warehouse operations to Singapore Post’s Regional eCommerce Logistics Hub in Tampines Logistics Park.