Deals
Alibaba Buys Online Retailer Daraz in Pakistan Push
How Alibaba's Jack Ma Went From KFC Reject to Asia's Richest Man
This article is for subscribers only.
Jack Ma is expanding his reach in Pakistan, striking a deal for Alibaba Group Holding Ltd. to buy Rocket Internet SE-backed online retailer Daraz.
Financial details weren’t disclosed on the deal, which will see Alibaba take control of an online retailer that sells everything from fashion to electronics. Daraz is also active in Bangladesh, Myanmar, Sri Lanka and Nepal.