Posted inAT Finance, Bangladesh, Indonesia, Myanmar, Nepal, Pakistan, South Asia, Sri Lanka

Alibaba to buy South Asia e-commerce site Daraz

Alibaba is planning to conduct a full acquisition of Daraz, an e-commerce company established in Pakistan, boldly extending its e-commerce portfolio in South Asia, The Paper reported. Both parties have not yet disclosed the purchase amount. After the acquisition, Daraz will continue to operate under its original brand. Daraz will utilize Alibaba’s advantages and experience […]