Alibaba Group Holding Ltd acquires Daraz Singapore Private Limited (Daraz)

Alibaba Group Holding Ltd acquired Daraz Singapore Private Limited (Daraz) for $194 million, a transaction completed in May 2018, structured as all cash, US$194 million.

Daraz Singapore Private Limited (Daraz) operates in International e-commerce (South Asia), is based in South Asia (Pakistan, Bangladesh and others). Daraz is a leading e-commerce platform in South Asia, operating primarily in Pakistan and Bangladesh. Alibaba acquired a 100% equity interest in May 2018 for US$194 million, extending its international commerce reach into South Asian markets.

Continue international expansion of the Alibaba commerce ecosystem into South Asia.

In May 2018, we acquired a 100% equity interest in Daraz for a cash consideration of US$194 million. The investment reflects our continued focus on implementing our globalization strategy.Alibaba Group FY2019 Form 20-F, Information on the Company

Advisory firms were not disclosed for this transaction.

You're subscribed.

Thanks for signing up.