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Alibaba-Owned Daraz Gears Up for Battle Against Amazon

Daraz is targeting sales this year of nearly $1 billion through its platform, having seen 100 percent order growth year-on-year in the last four years. Shutterstock.
Daraz is targeting sales this year of nearly $1 billion through its platform, having seen 100 percent order growth year-on-year in the last four years. Shutterstock.
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Pakistan’s largest e-commerce retail platform Daraz aims to host up to 300,000 small to medium enterprises (SMEs) in two years, its CEO said, as the firm seeks to bolster its position in its home market in the face of potential competition from global giant Amazon.

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Alibaba Misses Quarterly Revenue Expectations

China’s Alibaba Group Holding Ltd on Thursday missed market expectations for second quarter revenue, as consumption in the country slowed and its e-commerce business took a hit from supply chain constraints.

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