June 26, 2022

News of the Trade

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A look at Alibaba’s plans to expand into South Asia as its growth in China falters, including through its Daraz unit in Pakistan, acquired for $194M in 2018 (Financial Times)

Financial Times:
A look at Alibaba’s plans to expand into South Asia as its growth in China falters, including through its Daraz unit in Pakistan, acquired for $194M in 2018  —  In a vast warehouse on the arid outskirts of Pakistani megacity Karachi, hundreds of young workers sort through boxes of nappies, cooking oil and mobile phones.