JP Morgan Asset Management invests in Zalora Thailand
JP Morgan Asset Management, a global fund company with US$1.3 trillion of assets under management, has poured an unknown amount of investment into a Thai online fashion and lifestyle retailer.
Zalora Thailand announced today that the investment would further growth and expansion of Thailand’s leading online fashion and lifestyle retailer.
The investment follows the US fund company's investment into the Zalora sister companies in five Southeast Asian countries as well as in Hong Kong and Taiwan. As the latest investor, JP Morgan Asset Management joins the likes of Rocket Internet, Summit Partners and Invus.
“We are extremely pleased to count the distinguished global investment firm JP Morgan Asset Management to our shareholders. Their investment, which comes just seven months after the launch of ZALORA Thailand, demonstrates our success at bringing fashion to customers throughout Thailand at the click of a button,” said Managing Director and Co-Founder Gerald Eder. “Online retail holds tremendous potential in this market of more than half a billion customers, and we look forward to continued growth with our shareholders.”
Founded in early 2012, Zalora employs more than 1,000 employees today. Featuring a wide selection of more than 300 brands across men, women and children’s clothing and home accessories, it currently operates across eight countries including Hong Kong, Indonesia, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam.
