M&A Deal Summary

Alibaba Group Acquires daraz.pk

On May 8, 2018, Alibaba Group acquired e-commerce company daraz.pk from Rocket Internet

Acquisition Highlights
  • This is Alibaba Group’s 3rd transaction in the E-Commerce sector.
  • This is Alibaba Group’s 1st transaction in Pakistan.

M&A Deal Summary
Date 2018-05-08
Target daraz.pk
Sector E-Commerce
Buyer(s) Alibaba Group
Sellers(s) Rocket Internet
Deal Type Divestiture

Target

daraz.pk

Karachi, Pakistan
daraz.pk is an online platform that sells apparels, bags, home appliances and beauty care products. daraz.pk was established in 2012 and is based in Karachi, Pakistan.

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Buyer(S) 1

Buyer

Alibaba Group

Hangzhou, China
Category Company
Founded 1999
Sector E-Commerce
Employees204,891
Revenue 941.2B CNY (2024)
DESCRIPTION

Alibaba Group is a group of Chinese e-commerce businesses including Alibaba.com, Taobao, and Alipay. Alibaba Group was founded in 1999 and is based in Hangzhou, China.

DEAL STATS #
Overall 11 of 16
Sector (E-Commerce) 3 of 5
Type (Divestiture) 1 of 2
Country (Pakistan) 1 of 1
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-05 Wandoujia

Beijing, China

Wandoujia is an Android app stores. Wandoujia was established in 2009 and is headquartered in Beijing, China.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-28 Trendyol

Istanbul, Turkey

Trendyol is an operator of an eCommerce company that provides customers, sellers, and vendors an e-commerce experience. Trendyol was founded in 2010 and is based in Istanbul, Turkey.

Buy -

Seller(S) 1

SELLER

Rocket Internet

Berlin, Germany
Category Company
Founded 2007
Sector Internet Software and Services
Employees404
Revenue 118M EUR (2021)
DESCRIPTION

Rocket Internet is an entity which identifies and builds proven internet business models and transfers them to new, underserved or untapped markets, mainly outside the United States and China. Rocket Internet was founded in 2007 and is based in Berlin, Germany.

DEAL STATS #
Overall 4 of 4
Sector (E-Commerce) 1 of 1
Type (Divestiture) 4 of 4
Country (Pakistan) 1 of 1
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-14 Beauty Trend

Berlin, Germany

Beauty Trend GmbH (GLOSSYBOX) is a Europe’s number one provider of beauty box subscription services. Operating in ten core markets, with offices in the UK, Germany, France, Sweden and the USA – its model is such that customers subscribe to a box of beauty products on either a rolling monthly or fixed term basis. With its strong brand, GLOSSYBOX has created an independent platform connecting beauty enthusiasts, brands and influencers. Today, GLOSSYBOX is the market leader in Europe and has subscribers in Germany, Austria, Switzerland, France, the UK, Ireland, Sweden, Norway, the USA and Canada and holds relationships to over 500 international beauty brands.

Sell -
Mergr

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Company

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