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Alibaba buys Rocket Internet's Pakistan ecommerce platform Daraz
FRANKFURT: Alibaba Group has bought the entire share capital of Rocket Internet’s South Asian ecommerce platform Daraz Group, Rocket Internet said on Tuesday. 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.
from The News International - National https://ift.tt/2rtCIX5
from The News International - National https://ift.tt/2rtCIX5
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