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Alibaba has bought Pakistani e-commerce firm Daraz, as the Chinese tech giant looks to increase its presence in South Asia. Financial details of the transaction, which was announced on Tuesday, were undisclosed. Daraz, founded in 2012, is backed by European…
Alibaba Group has acquired south Asian e-commerce platform Daraz for an undisclosed sum. This will make Daraz Group’s platform a wholly owned unit of the Chinese e-commerce provider, which also runs the Taobao and Tmall platforms. “Together with Daraz, we can…
Online retailer Daraz, which has presence in Pakistan Daraz.pk, Bangladesh Daraz.bd and Myanmar shop.com.mm, has secured EUR50 million ($55 million) in its first major financing round. The investment comes from the CDC Group, the UK Government’s Development…
Online retailer Daraz is investing $56 million into creating beachheads on so-called ‘frontier markets’ in Asia: Myanmar, Pakistan and Bangladesh. Daraz is the leader in online retail in all three markets, selling apparel, accessories, shoes and beauty…
