China's Alibaba Buys Pakistan E-Commerce Firm Daraz

Posted on:12 May 2018 09:26:54
China's Alibaba Buys Pakistan E-Commerce Firm Daraz
12 May 2018 Current Affairs: Chinese e-commerce giant Alibaba purchased leading Pakistani online retailer 'Daraz', continuing its overseas expansion by gaining a foothold in the growing South Asian consumer market.

China is seeking closer economic ties with Asian neighbors including Pakistan through its Belt and Road initiative, a strategy to increase trade links that are led primarily by infrastructure projects.

Daraz, founded in 2012, was purchased from Rocket Internet, a Berlin-based incubator of online startups.

Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Current Affairs 2018 June

19 JUNE
NEWS
18 JUNE
NEWS
17 JUNE
NEWS
16 JUNE
NEWS

Current Affairs 2018 May

31 MAY
NEWS
30 MAY
NEWS
29 MAY
NEWS
28 MAY
NEWS

Current Affairs 2018 April

30 APRIL
NEWS
29 APRIL
NEWS
28 APRIL
NEWS
27 APRIL
NEWS