Deals
Alibaba Mulls Buying Rocket Internet's Pakistan Unit
- Group entered Pakistan last week with microfinance bank stake
- Nation’s e-commerce, retail stores growing: Euromonitor
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Alibaba Group Holding Ltd. is considering acquiring Rocket Internet’s online retail unit in Pakistan to help China’s biggest e-commerce company expand its reach in the South Asian nation, a person with knowledge of the matter said.
The companies are negotiating a price for Rocket’s retail unit Daraz, according to the person, who asked not to be identified since the discussions are private. The deliberations are an early state and no decisions have been made, the person said. Alibaba’s spokesman declined to comment, while Daraz didn’t immediately respond to requests for comment.