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May 23, 2016 @ 10:08

Lazada Philippines is top internet startup

 

MANILA, Philippines – The local unit of online shopping mall Lazada emerged as the top Internet startup in the country in terms of generated revenues, according to Forbes magazine.

Forbes’ maiden list of leading Internet startups in the country released this month showed Lazada had gross revenues of P1.1 billion in 2014.

Placing second was mobile content provider Entertainment Gateway with P853.9 million worth of revenues, followed by fashion e-commerce company Zalora with revenues of P465.9 million.

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