Venture Houston 2018
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10 May 2018

Alibaba beats path to Daraz acquisition

E-commerce marketplace Daraz was launched by Rocket Internet and received funding from the Rocket and Ooreedo-formed Asia Pacific Internet Group.

Author: Callum Cyrus, Reporter

Daraz, the Pakistan-based online marketplace incubated by commerce holding company Rocket Internet ,was acquired by online retail group Alibaba on Tuesday for an undisclosed sum.