Alibaba’s Tsai-Backed Africa E-Commerce Firm Gets Funds to Grow

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An Africa-focused e-commerce platform backed by Alibaba Group Holdings Ltd. co-founder Joe Tsai, has raised $6.2 million to expand into more markets and products.

ANKA, re-branding from Afrikrea, said its fund-raising round was led by Investisseurs & Partenaires, with participation from Tsai, Enigmo Inc and other investors.