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Chinese e-commerce giant Alibaba acquires Daraz

Chinese e-commerce giant Alibaba acquires Daraz

China’s e-commerce giant, Alibaba Group, has entered the Pakistani retail market by fully acquiring Daraz, an online retail subsidiary of Germany-based Rocket Internet. The announcement was made through separate press statements released by both companies on Tuesday. “With the acquisition, Daraz will …Continue reading

Pakistan Partners up with Alibaba for SMEs

Prime Minister Nawaz Sharif on Tuesday stressed the importance of e-commerce, saying it had the potential to revolutionize market access for Pakistanis enterprises. He was addressing a ceremony held to ink an agreement between the Government of Pakistan and Alibaba Group Holdings …Continue reading

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