Alibaba-Daraz-Acquisition

Alibaba has acquired Daraz Group, the leading e-commerce platform in South Asia

Alibaba Group has acquired South Asia’s largest e-commerce platform. Daraz Group disclosed Tuesday about the development. For an undisclosed amount, Daraz Group will now be a fully owned unit of China’s e-commerce giant Alibaba which has been operating Taobao and Tmall in China. Reports emerged earlier about the development when the price of the Rocket…

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Alibaba Jack Ma

Alibaba considers buying Daraz – Pakistan’s top online retailer

According to reports coming in, Alibaba Group Holding Ltd is thinking to buy Pakistan’s top e-commerce group Daraz, Rocket Internet’s online retail unit in the country. This development is believed to be a part of China’s biggest e-commerce company’s plan to expand its market in Pakistan. While there are no authentic lead, the companies, as the…

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