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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