Ali Baba Acquired Pakistan's e-Commerce Giant Daraz.pk

Karachi (Routers) - Alibaba Group has bought the entire share capital of Rocket Internet's South Asian ecommerce platform Daraz Group, Daraz Ceo' Bjarke Mikelson & Jonathan Doer Announced on Tuesday Morning. It did not disclose financial details. Daraz, founded in Pakistan in 2012, operates online marketplaces in Pakistan, Bangladesh, Myanmar, Sri Lanka and Nepal. The unit will continue to operate under the same brand following the sale to Alibaba, Rocket said. Rumors of a deal have been rife for the past couple of months.The deal is part of Alibaba’s second wave of international expansions which see it enter South Asia. The company initially focused on India — where it has backed Paytm — and Southeast Asia...

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Chinese to Acquire Pakistan Post through hostile takeover

After failing to acquire TCS , Chinese firm is interested in Acquiring State Owned Pakistan Post by investing $1 billion under its reform agenda to become a profitable entity. Pakistan Post has embarked on a comprehensive reform agenda to become profitable. These reforms include: (i) Establishment of Mobile Money Transfer Solution (ii) Pakistan Post Logistics Company and (iii) Re-Branding of Pakistan Post. Briefing the Senate Standing committee on Communications, Director General Pakistan Post said that a Chinese Company has shown interest to invest $1 billion in the logistic project, besides connecting it with China Pakistan Economic Corridor (CPEC). However, it will be carried out through Public Private Partnership and open...

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Daraz has become largest Site from Pakistan

Daraz.pk has become no.1 Site excluding social sites & Search engines. Courtesy : Similar Web Daraz is home to the a wide selection of fashion, electronics, home appliances, kids items and lots more - all at best prices. Daraz.pk offers nationwide delivery directly to your home or office with innovative and convenient payment methods like cash on delivery. ...

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