国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

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

Source: Xinhua| 2018-05-08 22:59:44|Editor: Chengcheng
Video PlayerClose

ISLAMABAD, May 8 (Xinhua) -- 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, a statement said Tuesday.

According to the statement released by 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.

"We are excited for Daraz to become a part of the Alibaba ecosystem," said Alibaba's Chief Executive Officer Zhang Yong, adding that "together with Daraz, we can now empower entrepreneurs to better serve consumers in the region through our technology and expertise."

The Daraz Group, founded in Pakistan in 2012, has been operating in Pakistan, Bangladesh, Myanmar, Sri Lanka and Nepal.

Daraz Group hoped that Alibaba would help it further expand its business in the five South Asian markets that have a combined population of over 460 million, 60 percent of which are under the age of 35.

Daraz has 30,000 sellers and 500 brands on its platform, with 2 million products available to its 5 million customers with multiple payment options, including cash-on-delivery.

Daraz will continue to operate under its brand name after the transaction, the statement said.

"Together with Alibaba, we are ready to empower entrepreneurs in the region to offer our customers the best selection of products with a high-level of convenience," said Daraz Co-Chief Executive Officer Jonathan Doerr.

The acquisition comes almost two months after Alibaba bought 45 percent share in Telenor Microfinance Bank, a subsidiary of Norwegian telecom giant Telenor Group, for 184.5 million U.S. dollars to develop mobile payments and digital financial services in Pakistan.

The Alibaba group signed a memorandum of understanding (MoU) with the Pakistani Ministry of Commerce last year, which paved way for the business giant to enter into the Pakistani market of over 207 million people.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001371647181
主站蜘蛛池模板: 柳州市| 明星| 色达县| 拉萨市| 林州市| 株洲县| 清远市| 永州市| 峡江县| 肥西县| 专栏| 太湖县| 镇康县| 嵊泗县| 永兴县| 乡城县| 中宁县| 沁源县| 鱼台县| 德令哈市| 班戈县| 新宾| 东辽县| 舞阳县| 若尔盖县| 洪湖市| 青龙| 马关县| 封丘县| 玉田县| 柞水县| 沙坪坝区| 华坪县| 靖安县| 和林格尔县| 昆山市| 澳门| 门源| 平遥县| 昌江| 崇仁县|