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Alibaba purchases South Asia’s largest e-commerce platform Daraz Group

Alibaba purchases South Asia’s largest e-commerce platform Daraz Group
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China’s e-commerce giant Alibaba Group acquired the entire share capital of Pakistan’s top and South Asia’s largest e-commerce platform Daraz Group. The purchase, for an undisclosed sum, will make Daraz a wholly owned component of Alibaba, operator of the popular Taobao and Tmall platforms.

Read the full story at http://www.xinhuanet.com/english/2018-05/08/c_137164718.htm

SOURCE: Xinhuanet

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