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Alibaba Group Now Acquires South Asia E-Commerce, Daraz

May 31, 2018.Stephanie WuBeijing, CN
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On May 5th, China’s e-commerce titan, Alibaba continues its expansion overseas in another short span of time acquiring Daraz, one of Pakistan’s biggest online shopping commerce. Financial details were not disclosed on the deal.

Daraz started out in 2012 as South Asia's online shopping and selling destination in Pakistan, Bangladesh, Sri Lanka, Myanmar, and Nepal. With 30,000 sellers and 500 brands, serving 5 million consumers, Daraz 2 million products readily available offers an assortment of products ranging from electronics to household goods, beauty, fashion, sports equipment, and groceries.