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  • Daraz-Kaymu merger

    KARACHI: Daraz and Kaymu, the two leading e-commerce players, have joined forces to enhance the value proposition to customers and sellers and accelerate growth...

    Both platforms will remain active with their current brand names, but the new entity, Daraz Group, will integrate the operations under one roof, says a press release...

  • Chinese tech giant Alibaba breaks into Pakistani market by acquiring Daraz

    China's biggest e-commerce company, Alibaba Group, broke into the Pakistani market on Tuesday by fully acquiring Daraz Group...

    "With the acquisition, Daraz will be able to leverage Alibaba’s leadership and experience in technology, online commerce, mobile payment and logistics to drive further growth in the five South Asian markets that have a combined population of over 460 million, 60% of which are under the age of 35," said a...

  • As Alibaba buys Daraz, many ask: what next?

    KARACHI: Daraz Group, Pakistan’s leading online retailer on Tuesday announced its 100 per cent acquisition by Alibaba Group, a Chinese e-commerce giant...

    Following the acquisition for an undisclosed amount, Daraz — which also operates in Bangladesh, Sri Lanka, Myanmar and Nepal — will continue under the same brand name...

  • Daraz launches country’s first e-commerce index

    ISLAMABAD: Pakistan’s first e-commerce index was launched at an online event, hosted by Daraz, showing an increase in digital payments and growing demand for online shopping...

    The purpose of the index is, not only providing insight about consumer behavior online amid the Covid-19 pandemic, but to also help stakeholders linked with the e-commerce industry, understand the online shopper...

  • Tighter security for online shopping sought

    LONDON: Banks should provide customers with the means to create one-off passwords from August to make buying over the Internet safer, European Union banking regulators said on Thursday...

    They require banks to provide consumers with the means to key in a non-reusable password to authenticate an online purchase more securely...

  • Five reasons why Pakistanis avoid online shopping

    The growth of globalisation and information technology has opened new avenues for businesses and entrepreneurs to develop and deliver goods and services in less time with efficiency...

    However, in spite of its global appeal and massive growth, this sector is not emerging as a large industry player in Pakistan...

  • FIA directed to probe ‘phoney’ online shopping sites

    GUJRAT: The district consumer protection court has asked the Federal Investigation Agency Karachi director (cyber crime) to launch an investigation into those fraudulent companies that have been fleecing the people in the name of online shopping...

    The court has issued directions to the FIA in a case filed by a citizen against an online company for allegedly committing fraud with him...

  • Online shopping surges but customers wary

    KARACHI: Online shopping is growing at a rapid clip thanks to wider Internet access, ubiquitous smartphones and frantic discounts...

    Optimism runs so high that one stakeholder believes “the actual shopping would only happen online in the next three years and malls would only be there for leisure”...

  • Online shopping takes a hit in Malaysia

    Malaysian online shoppers are turning to local sites as the weaker ringgit has made shopping on foreign sites much more expensive...

    Local online retailer Lazada Malaysia said the drop in the ringgit’s value has not really affected sales on its site...

  • Online shopping sites place big bets on Black Friday

    KARACHI: This year will be the second time Web merchants in Pakistan will ramp up crazy deals on Black Friday and entice consumers to open their wallets a bit wider...

    The foreign concept of going on a shopping splurge following the Thanksgiving holiday came home last year thanks to aggressive advertising and heavy discounts by shopping sites...

  • EU plans online screening for visa-free travellers

    35) online security check before arrival if an EU plan to tighten controls on foreigners who do not need visas wins approval...

    Named ETIAS, it would also address European concerns over plans to expand visa-free travel to two big neighbours, Turkey and Ukraine, and would apply immediately to people from non-EU states in the Balkans such as Albania and Serbia...

  • Chinese consumers spend at least $17.8bn in 'Singles Day' shopping binge

    China's smartphone-wielding masses unleashed billions of dollars in e-commerce spending Saturday as they rushed to snap up bargains on “Singles Day”, billed as the world's biggest one-day online shopping festival...

    Alibaba said that by midday Saturday the gross value of sales processed by Alipay, its online payment system, had equalled the $17...

  • Chinese spend billions in ‘Singles Day’ shopping binge

    SHANGHAI: China’s smartphone-wielding masses unleashed billions of dollars in e-commerce spending Saturday as they rushed to snap up bargains on ‘Singles Day’ — billed as the world’s biggest one-day online shopping festival...

    Eighteen hours later, at 6pm (1000GMT) on Saturday, Alibaba said the gross value of sales processed by its online payment system Alipay was nearing $21 billion — roughly equivalent to the annual economic output...

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