Alibaba Officials are in Islamabad

After Prime Minister Nawaz Sharif’s meeting with Jack Ma, the founder of Alibaba, during World Economic Forum in January this year, company executives are now visiting Islamabad, we have checked.

Alibaba officials met Ishaq Dar, Finance Minister, along side other meetings, a press statement said.

Alibaba delegation is reportedly impressed with how Pakistan is progressing in the field of IT, telecom and broadband penetration. They agreed that Pakistan’s e-commerce market is growing tremendously and it presents great opportunities for everyone.

Pakistan’s broadband penetration has grown to over 40 million (38 million are on 3G/4G), up from just 2 million in April 2014. With more than 45 million smartphones in the market, Pakistan is on track to become one of the largest internet population in the world.

Ishaq Dar, while explaining Pakistan’s potential, told Alibaba delegation that over 11% Pakistanis user mobile phones for financial transaction. He said that Pakistan is regional leader in the segment, hinting that uptake of digital services in Pakistan has been enormous.

Mr. Dar urged Alibaba group for an entry in Pakistan to disrupt home industry that has potential to become a full scale sector.

Alibaba, along side helping entrepreneurs and small scale businesses, is also rumored to be in talks with Daraz.PK for a possible acquisition. Alibaba group, through a $150 million or around buyout of Daraz, could become the largest e-commerce player in Pakistan instantly.

Experts say that Daraz acquisition is going to set the direction of Pakistan’s e-commerce market. They opine that Daraz has almost killed the market by following growth strategy as they have cut the margins to lowest levels and grab half a million hits a day through advertisements only.

No one can operate in such conditions and market will only rationalize after Daraz is sold to a more stable business, such as AliBaba, said an e-commerce expert said who wanted to remain unnamed.

He said that Daraz for destined for a sell-out, if you check the track record of Rocket Internet, and there can’t be a better buyer than Alibaba at a time when China is stretching its arms in Pakistan through CPEC.

Sources claimed that Alibaba delegation, currently in Pakistan, is studying the local market to evaluate its chances for a possible entry in Pakistan with-in few months if not weeks.

Alibaba is one of the largest e-commerce players in world. It is believed to have played a key role in China’s progress over the years by taking China’s home industry online and opening global doors for Chinese products. Along side business to business e-commerce, Alibaba also excels in business to consumer e-commerce segment.

  • I hpe daraz will low down prices for general items after acquisition by Alibaba. And Pakistani users will become able to purchase chinese manufactured goods here without feae of custom.
    Alibaba down, Amazon, ebay to go

  • There is no point of low margins by Daraz. The only edge that I think Daraz has that some of the good multinational companies are direct with them. I appreciate if AliBaba.Com buyout Daraz and come up with something different as Daraz is already disliked by many shoppers just because of their spamming under the umbrella of advertising.

  • Come to Pakistan and buyout the local companies. All we will have left is companies in important sectors that are all owned by foreignors.

    TCS Yayvo should now get their act together

  • Ishaq dar AliBaba group se be udhar lene ka soch rha hai.. dekho ab aage kya hota hai..

  • Easypisa, daraz, are ready to get acquired by babaaaaa. Let see what companies like1link, NIFT, VRG will do as they are licensed entities in ecommerce and online payment space. Don’t forget about tcs and their COD based merchant aggregation. COD is 99% in pakistan

    • the new door will open, when internet payment will be allowed by paksitani banks on their all visa debit cards. then

  • Did AliBaba asked the Prime Minister about the million products they sent to Pakistan were swallowed by the customs on port…??? Pakistan should be shameful while doing a H2H deal with them. Local e-commerce market might prosper but the international whales like AliBaba and Amazon has no place here until and unless our customs become 100% trustworthy which seems impossible over the next decade.

  • AliBaba Huge rang of Product they will beat easily to Daraz & all online shopping providers.
    Hope Isy Politice Ki Nazar Na Lag Jaye :

    • Nor Ali baba nor daraz sell them selfs they are just gateway to host stores of other sellers. i.e you can sell on those websites also.

  • btw who’s this expert who wants to stay unnamed? Experts don’t hide but standout with their opinions, unless they are sure about what they are saying..

    2nd, to evaluate online market they don’t need to visit. If they are in Pakistan, it’s the next stage after having done with evaluation…

    3rd, meeting with a finance minister of the country. Must be finalizing with the Govt. benefits to start the business.

  • daraz is faking the real prices and says that they have lowered the prices…which is too wrong in bussiness in islam

  • I thought daraz was already a foreign company. They are known as Jumia outside of Pakistan.

  • Acquisitions and Low margins aside, every buyer want them to provide a good customer service at the time of order and after sale too.

  • ALLAH na kray aisa ho agar aisa ho gya to 80 hazar se b ziada log jo pakistan men online shoping ,k buisness se related hen wo sub brbAD Ho jaen gy. jo bicharay instagram,fb pe saman sell kr rhy alibaba se le kr

  • bhai hmari to rozi roti ha online k kam se .kia bnay ga hmara or bht se or logon ka

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