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[20] [21] In 2014, Lazada recorded $152.5 million in net operating losses, with net revenues of $154.3 million, although the percentage of losses—relative to gross merchandise value—was lower than the previous year due to growth in marketplace sales to $384 million that year, compared to $95 million in 2013. [22] [23]
Kingston Technology was founded on October 17, 1987, in response to a severe shortage of 1Mbit surface-mount memory chips, [5] Taiwanese immigrant John Tu designed a new single in-line memory module (SIMM) that used readily available, older-technology through-hole components.