{"id":35151,"date":"2018-05-08T14:16:13","date_gmt":"2018-05-08T08:31:13","guid":{"rendered":"https:\/\/techlekh.com\/?p=35151"},"modified":"2018-05-08T14:26:33","modified_gmt":"2018-05-08T08:41:33","slug":"alibaba-acquires-daraz","status":"publish","type":"post","link":"https:\/\/techlekh.com.\/alibaba-acquires-daraz\/","title":{"rendered":"Alibaba Expands to South Asia Acquiring Daraz"},"content":{"rendered":"<p>Daraz Group <a href=\"https:\/\/rocketinternet.pr.co\/165988-rocket-internet-se-alibaba-acquires-daraz\" target=\"_blank\" rel=\"noopener\">officially announced<\/a> today that the company was fully acquired by Alibaba. The <a href=\"https:\/\/techlekh.com\/tag\/ecommerce\/\" target=\"_blank\" rel=\"noopener\">e-commerce<\/a> company will now be a member of the Alibaba Group.<\/p>\n<figure id=\"attachment_35157\" aria-describedby=\"caption-attachment-35157\" style=\"width: 1390px\" class=\"wp-caption alignnone\"><img decoding=\"async\" data-attachment-id=\"35157\" data-permalink=\"https:\/\/techlekh.com.\/alibaba-acquires-daraz\/china-zhejiang-alibaba-real-time-gmv-cn\/\" data-orig-file=\"https:\/\/techlekh.com.\/wp-content\/uploads\/2018\/05\/gettyimages-516871766.jpg\" data-orig-size=\"1390,878\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Xinhua News Agency\\\/Getty Images&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;HANGZHOU, March 21, 2016-- People walk past a logo of China&#039;s e-commerce giant Alibaba in Hangzhou, capital of east China&#039;s Zhejiang Province, March 21, 2016. Alibaba China retail marketplaces real-time gross merchandize value in fiscal year 2016 reached three trillion RMB at 2:58 p.m. on March 21, 2016. This means Alibaba Group, China&#039;s leading e-commerce company, might exceed Wal-Mart and become the world&#039;s biggest retail platform in fiscal year 2016, according to analysis. (Xinhua\\\/Wang Dingchang via Getty Images)&quot;,&quot;created_timestamp&quot;:&quot;1458518400&quot;,&quot;copyright&quot;:&quot;Xinhua News Agency&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;CHINA-ZHEJIANG-ALIBABA-REAL TIME GMV (CN)&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"CHINA-ZHEJIANG-ALIBABA-REAL TIME GMV (CN)\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;HANGZHOU, March 21, 2016&#8211; People walk past a logo of China&#8217;s e-commerce giant Alibaba in Hangzhou, capital of east China&#8217;s Zhejiang Province, March 21, 2016. Alibaba China retail marketplaces real-time gross merchandize value in fiscal year 2016 reached three trillion RMB at 2:58 p.m. on March 21, 2016. This means Alibaba Group, China&#8217;s leading e-commerce company, might exceed Wal-Mart and become the world&#8217;s biggest retail platform in fiscal year 2016, according to analysis. (Xinhua\/Wang Dingchang via Getty Images)&lt;\/p&gt;\n\" data-medium-file=\"https:\/\/techlekh.com.\/wp-content\/uploads\/2018\/05\/gettyimages-516871766-490x315.jpg\" data-large-file=\"https:\/\/techlekh.com.\/wp-content\/uploads\/2018\/05\/gettyimages-516871766-1120x680.jpg\" tabindex=\"0\" role=\"button\" class=\"size-full wp-image-35157\" src=\"https:\/\/techlekh.com\/wp-content\/uploads\/2018\/05\/gettyimages-516871766.jpg\" alt=\"\" width=\"1390\" height=\"878\" srcset=\"https:\/\/techlekh.com.\/wp-content\/uploads\/2018\/05\/gettyimages-516871766.jpg 1390w, https:\/\/techlekh.com.\/wp-content\/uploads\/2018\/05\/gettyimages-516871766-960x606.jpg 960w\" sizes=\"(max-width: 1390px) 100vw, 1390px\" \/><figcaption id=\"caption-attachment-35157\" class=\"wp-caption-text\">Image Courtesy: Xinhua\/Wang Dingchang via Getty Images<\/figcaption><\/figure>\n<h4><strong>Why it matters:<\/strong><\/h4>\n<ul>\n<li><a href=\"https:\/\/techlekh.com\/tag\/daraz\/\" target=\"_blank\" rel=\"noopener\">Daraz<\/a> currently operates online shopping sites in Pakistan, Bangladesh, Myanmar, Sri Lanka, and Nepal. It was founded in 2012 in Pakistan.<\/li>\n<li>With the acquisition, Alibaba has expanded its e-commerce empire into South Asia and will be able to leverage its leadership and experience in technology, online commerce, mobile payment, and logistics to drive further growth in the five South Asian markets that have a combined population of over 460 million, 60% of which are under the age of 35.<\/li>\n<li>Daraz will continue to operate under the same brand following the transaction.<\/li>\n<\/ul>\n<h4><strong>What they are saying:<\/strong><\/h4>\n<ul>\n<li><strong>Bjarke Mikkelsen, Co-CEO, Daraz said<\/strong>, \u201cWith this transaction, Daraz has found its natural home in the Alibaba family, and we are proud to carry our part of the mission to \u2018make it easy to do business anywhere\u2019. 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.\u201d<\/li>\n<li><strong>Dr. Jonathan Doerr, Co-CEO, Daraz added<\/strong>, \u201cTogether with Alibaba, we are ready to empower entrepreneurs in the region and to fulfill 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.\u201d<\/li>\n<li><strong>Daniel Zhang, CEO of Alibaba Group, said<\/strong>, \u201cWe are excited for 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.\u201d<\/li>\n<\/ul>\n<hr \/>\n<p style=\"text-align: center;\"><em><strong>What do you think of the acquisition? Will we get a better e-commerce market in Nepal now?<\/strong><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Daraz Group officially announced today that the company was fully acquired by Alibaba. The e-commerce company will now be a member of the Alibaba Group. Why it matters: Daraz currently operates online shopping sites in Pakistan, Bangladesh, Myanmar, Sri Lanka, and Nepal. It was founded in 2012 in Pakistan. With the acquisition, Alibaba has expanded&hellip;<\/p>\n","protected":false},"author":1067,"featured_media":35161,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[6200,2433,306,275],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Alibaba Expands to South Asia Acquiring Daraz<\/title>\n<meta name=\"description\" content=\"Daraz Group officially announced today that the company was fully acquired by Alibaba. The e-commerce company will now be a member of the Alibaba Group. Daraz currently operates online shopping sites in Pakistan, Bangladesh, Myanmar, Sri Lanka, and Nepal. It was founded in 2012 in Pakistan.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/techlekh.com\/alibaba-acquires-daraz\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Alibaba Expands to South Asia Acquiring Daraz\" \/>\n<meta property=\"og:description\" content=\"Daraz Group officially announced today that the company was fully acquired by Alibaba. The e-commerce company will now be a member of the Alibaba Group. Daraz currently operates online shopping sites in Pakistan, Bangladesh, Myanmar, Sri Lanka, and Nepal. It was founded in 2012 in Pakistan.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/techlekh.com\/alibaba-acquires-daraz\/\" \/>\n<meta property=\"og:site_name\" content=\"TechLekh: Latest Tech News, Reviews, Startups and Apps in Nepal\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/techlekh\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-08T08:31:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2018-05-08T08:41:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/techlekh.com\/wp-content\/uploads\/2018\/05\/jack-ma-alibaba-1-1130x635-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1130\" \/>\n\t<meta property=\"og:image:height\" content=\"635\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Aakankshya Shrestha\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@techlekh\" \/>\n<meta name=\"twitter:site\" content=\"@techlekh\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aakankshya Shrestha\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/techlekh.com\/alibaba-acquires-daraz\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/techlekh.com\/alibaba-acquires-daraz\/\"},\"author\":{\"name\":\"Aakankshya Shrestha\",\"@id\":\"https:\/\/techlekh.com\/#\/schema\/person\/f116cdec5dad3bbf93c9fbdada18ecbf\"},\"headline\":\"Alibaba Expands to South Asia Acquiring Daraz\",\"datePublished\":\"2018-05-08T08:31:13+00:00\",\"dateModified\":\"2018-05-08T08:41:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/techlekh.com\/alibaba-acquires-daraz\/\"},\"wordCount\":352,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/techlekh.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/techlekh.com\/alibaba-acquires-daraz\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/techlekh.com.\/wp-content\/uploads\/2018\/05\/jack-ma-alibaba-1-1130x635-2.jpg\",\"keywords\":[\"alibaba\",\"daraz\",\"ecommerce\",\"news\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/techlekh.com\/alibaba-acquires-daraz\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/techlekh.com\/alibaba-acquires-daraz\/\",\"url\":\"https:\/\/techlekh.com\/alibaba-acquires-daraz\/\",\"name\":\"Alibaba Expands to South Asia Acquiring Daraz\",\"isPartOf\":{\"@id\":\"https:\/\/techlekh.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/techlekh.com\/alibaba-acquires-daraz\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/techlekh.com\/alibaba-acquires-daraz\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/techlekh.com.\/wp-content\/uploads\/2018\/05\/jack-ma-alibaba-1-1130x635-2.jpg\",\"datePublished\":\"2018-05-08T08:31:13+00:00\",\"dateModified\":\"2018-05-08T08:41:33+00:00\",\"description\":\"Daraz Group officially announced today that the company was fully acquired by Alibaba. 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