Chinese tech giant Alibaba has acquired e-commerce site Kaola from compatriot NetEase for around $2 billion. Kaola, which sells imported goods in China, and competes with JD.com’s JD Worldwide, and Alibaba’s own…
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Alibaba Makes Pakistan e-Commerce Play with Daraz Acquisition
Chinese tech giant Alibaba has made a big play for the South Asian e-commerce market, with its acquisition of Rocket Internet-owned Pakistani platform Daraz. The Karachi-based firm, founded in 2012, operates in…