Alibaba goes Belt and Road with Daraz deal

The Chinese e-commerce giant buys a Pakistani company that operates in five countries key to Beijing's regional trade plan

Alibaba goes Belt and Road with Daraz deal

Jack Ma is following the Belt and Road route to international expansion.

The Chinese billionaire's Alibaba e-commerce empire has added an outpost in South Asia with the purchase of Daraz from Frankfurt-based incubator Rocket Internet.

The deal for the Pakistan-based online shopping group was confirmed in a statement on Tuesday. Terms were not disclosed.

It comes hot on the heels of an investment in Bangladeshi financial services provider bKash...

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