Alibaba group has established a foothold in Myanmar following the acquisition of Daraz Group, the Pakistani online shopping platform which operates Myanmar e-commerce site shop.com.mm. The move could be the start of a slew of investments in the country by the Chinese Internet giant as well as other rival businesses. It also came just a […]
Online Retailer Daraz Raises €50 Million
October 5, 2015 by
Daraz, an online retailer in Asian frontier markets, has secured €50 million ($55.9 million) in its first major financing round. The investment comes from the CDC Group – the UK Government’s Development Finance Institution (DFI) focused on supporting and developing businesses in Africa and South Asia – as well as Daraz’s existing investor Asia Pacific […]
