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China's Alibaba purchases Daraz - Crunchy Trends
Chinese Ecommerce giant Alibaba has bought the 100% share capital of e-commerce website Daraz. Daraz, the company founded by Rocket Internet in 2012, is currently operational in Pakistan, Bangladesh, Myanmar, Nepal and Sri Lanka. According to Daraz officials, the company will continue to operate under the same brand following the sale to Alibaba Group. “The …