Alibaba Acquired Daraz to Expand E-commerce Domain in South Asia

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Shocking! E-commerce Store Alibaba Acquired Daraz – Official

A china’s online marketplace, named Alibaba Acquired Daraz to expand the e-commerce empire in Asia’s region. The CEO of both online stores official announced the news on the social media sites. This step is taken to rule on South Asia in the field of E-commerce by combining two super forces.

Daraz.PK is an online market founded in 2012 and its popularity spread in less time. Daraz.PK is working in many south Asian countries such as Pakistan, India, Bangladesh, Sri Lanka, Nepal, and Myanmar. On the other hand, Alibaba is a China-based company was founded in 1999. This emerges as a leading retail company and significantly become famous in Pakistan. They are serving whole Asia by these online retail company for many years.

To grow the marketplace, Alibaba Acquired Daraz today. They both are working for many years and have a strong customer base, so they decided to collaborate to expand the business and e-commerce service in the region. The CEO of both companies uploaded a status about that Alibaba Acquired Daraz.

Statement of CEOs of Daraz and Alibaba:

Bjarke Mikkelsen said; with this deal, the Daraz has secure a position in the Alibaba House. We have to join Alibaba for providing easy and secure business anywhere. He further said we started our business with hard work and we have only touched the surface of the potential.

Another CEO of Daraz said; to provide a high level of online shopping and business ease, we and Alibaba decided to work together.

The CEO of Alibaba Said; We are glad to announce that Alibaba Acquired Daraz. We with the Daraz decided to introduce best entrepreneurship services to better grow your business. The team of Daraz is really energetic and prefer our thoughts regarding the building of cutting-edge technology platform. This will help in the long-term economic and e-commerce growth in South Asia.

The rumors regarding this have been spread over many years but no authentic news was announced. However, one of the team members of Alibaba said that still there is no official agreement between both groups. Soon they are deciding to launch the news through proper channel. Alibaba fixes this deal due to the second expansion of business wave in South Asia.

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