Alibaba Pakistan Seller Summit

Alibaba hosts “Pakistan Seller Summit” for local businesses to reach 190 countries

Alibaba, today, held a vibrant event ‘Pakistan Seller Summit’ in Sialkot, welcoming the local businesses to join this resourceful platform. Highly interactive discussions were held by leading experts from Alibaba, along with specialists of global logistics, senior bureaucrats, and officials from Pakistani trade associations, to train more than 200 participating entrepreneurs. Alibaba, a globally leading…

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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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UNCTAD-Alibaba-Business-School

UNCTAD and Alibaba Business School Kick off eFounders Initiative for Asian Entrepreneurs

Geneva, Switzerland/Hangzhou, China, March 26, 2018 – The United Nations Conference on Trade and Development (UNCTAD) and Alibaba Business School today enrolled the first class of 37 Asian entrepreneurs for the eFounders Initiative at an opening ceremony held on the Alibaba campus in Hangzhou, China. The 11-day course is part of a commitment by Jack…

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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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Telenor

Ant Financial (aka Alipay) will invest $184.5M in Telenor Microfinance Bank

Telenor Group has partnered with Ant Financial Services Group (“Ant Financial”) in Pakistan. Both the parties have an agreement where Ant Financial will invest USD 184.5 million for a 45% stake in Telenor Microfinance Bank (“TMB”), a subsidiary of Telenor Group, to further develop mobile payment and digital financial services in the country. The MoU…

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