Alibaba’s South Asian Partner Aims to Double Orders Every Year
- Daraz targets to reach 100 million customers before 2030: CEO
- Alibaba acquired a large majority stake in Daraz in 2018
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Daraz Group, the e-commerce retailer backed by Alibaba Group Holding Ltd., expects to continue doubling retail volume over the next 5 years thanks to its lead in emergent South Asian markets.
Daraz should maintain a compound annual growth rate of about 100% in e-commerce deliveries, sustaining the pace of the past four years, Chief Executive Officer Bjarke Mikkelsen said in an interview. Revenue growth has also doubled on average in the same period, he said.