Alibaba Group has acquired Daraz, its second purchase for a Rocket Internet company following the earlier deal for Lazada in Southeast Asia.
Myanmar’s devices market is on target to take centre stage as the country hurtles towards becoming an ICT-driven nation, according to IDC.
Following the award of telecommunications licenses to Telenor and Ooredoo, SIM cards and service provision has dipped considerably towards levels even low-wage earners are able to afford. IDC expects this to drive a considerable uptake in demand for both mobile phones and tablets.
“The Myanmar government has set highly ambitious targets for mobile subscriber penetration over the next two years. At this point, they are on the right track, but there is still much work left to be done,” said Daniel Pang, ASEAN Research Manager for Client Devices at IDC Asia/Pacific.