Alibaba Acquires Daraz in 185 Million $ - Complete Details
Do you do shopping from Daraz?That's a big news for you if you are a lover of daraz.pk
Daraz is the biggest online shopping store in Pakistan. Daraz is the 8th most searched and most popular website in Pakistan. The Alexa rank of Daraz is given below.
Daraz is not only conducting is Pakistan but also in Sri Lanka, Nepal, Myanmar and Bangladesh. They have also their own Affiliate Network and many peoples are earning from there.
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Earn Money From Daraz
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Today it is announced that the company Daraz is now fully a member of Alibaba group. That's mean Alibaba Acquires Daraz. The deal in done in 185 Million Dollar.With that winning, Daraz.pk will be able to take the full advantage of the name of Alibaba. Their administration and experience in technology.
Things do not end here.
They get the juice of Online Shopping and Cellphone payments.
Now they both increase their growth in the 5 South Asian Markets.
Thesen 5 markets have the population of over 450 Million and 60% of the people are under the age of 35.
History of Daraz.
In 2012, Daraz was established in Pakistan. They grow their self as the biggest e-commerce store in Pakistan in just a few years. But now Alibaba Acquires Daraz.Today Daraz also operate in Sri Lanka, Nepal, Myanmar and Bangladesh. Daraz will continue their work and lead under the guidance of Alibaba
Deal Statements:
Bjarke Mikkelsen, Co-CEO, Daraz said:
With this transaction, Daraz has found its natural home in the Alibaba family, and we are proud to carry our part of the mission to ‘make it easy to do business anywhere’. With hard work and dedication, we have started the e-commerce journey in our markets, but we have still only scratched the surface of the potential.Dr Jonathan Doerr, Co-CEO, Daraz added:
Together with Alibaba, we are ready to empower entrepreneurs in the region and to fulfil our promise to offer our customers the best selection of products with a high level of convenience. All of this would be supported by a best-in-class technology platform, a strong logistics network, and a vibrant community of ecosystem participants.
Daniel Zhang, CEO of Alibaba Group, said:
We are excited about Daraz to become a part of the Alibaba ecosystem. Together with Daraz, we can now empower entrepreneurs to better serve consumers in the region through our technology and expertise. In Daraz, we found a great team that espouses our values and believes that a technology-enabled commerce ecosystem will play a critical role in driving the long-term economic development in South Asia.
Conclusion about Alibaba Acquires Daraz
So as now Alibaba Acquires Daraz. Daraz will work under Alibaba. This will beneficial for both Alibaba and Daraz. Some people think that Daraz is useless but hope so now people trust on daraz because now daraz has the name of Alibaba.Sourse link: Click On Me
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