Alibaba Group has acquired Daraz, its second purchase for a Rocket Internet company following the earlier deal for Lazada in Southeast Asia.
Tag: Rocket Internet
Alibaba to take US$1b stake in Lazada
Leading e-commerce giant Alibaba has announced that it would pay US$1 billion for a controlling stake in Singapore startup Lazada, which has e-commerce operations across Southeast Asia. Established by Rocket Internet in 2011, Lazada is a popular […]
