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Top related persons:
Bjarke Mikkelsen - 2 Eddie Wu - 1 Yinglan Tan - 1 AliExpress - 1 Jan - 1 James Dong - 1 Lazada - 1 Tan - 1
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Nurphoto - 1 Getty - 1 Digital Commerce - 1 Tmall - 1 Tmall Group - 1 Alibaba - 1 Ventures - 1 Lazada - 1

Search resuls for: "Daraz"


6 mentions found


☆ Alibaba bets on overseas e-commerce unit amid sluggish growth in China
  + stars: | 2024-02-20 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com   time to read: +5 min
Costfoto | Nurphoto | Getty ImagesChinese tech giant Alibaba Group is betting on its overseas businesses while domestic consumption growth remains sluggish. James Dong, CEO of Southeast Asian e-commerce giant Lazada Group, was named as Daraz's acting CEO. Dong took over as Lazada Group CEO from Chun Li in June 2022, after running the company's Thailand and Vietnam operations. Intense competitionThe e-commerce business that once propelled Alibaba to success has run into challenges with upstart competitors such as PDD, while consumption growth in China remains sluggish. Alibaba posted 9% year-on-year revenue growth in the third quarter to about $31 billion.
Persons: Eddie Wu, Yinglan Tan, AliExpress, Bjarke Mikkelsen, Jan, James Dong, Lazada, Tan, Alibaba, Zhang, Dong, Chun Li, Li, Pierre, Lucy Peng, PDD Organizations: Nurphoto, Getty, Digital Commerce, Tmall, Tmall Group, Alibaba, Ventures, Lazada, CNBC, Ventures Partners, Alibaba Group, PDD Holdings, Hong Kong, HK Locations: Huangpu District, Shanghai, Taobao, monetization, Alibaba, Pakistan, Asia, China, Thailand, Vietnam, Hong Kong
☆ Daraz Group says there's a 'huge opportunity' it wants to seize
  + stars: | 2023-09-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDaraz Group says there's a 'huge opportunity' it wants to seizeBjarke Mikkelsen of Daraz Group says "right now, e-commerce is only representing about 2% of the overall retail market, which is nothing compared to an Indonesia or Philippines at maybe 20% or 20% plus, so the big opportunity for us is to go from 2% to 20%."
Persons: there's, Bjarke Mikkelsen Organizations: Daraz Locations: Indonesia, Philippines
☆ I left Miami for a remote village in Pakistan. I have no running hot water and limited electricity — but my quality of life here is infinitely better.
  + stars: | 2023-05-09 | by ( Samantha Shea | ) www.businessinsider.com   time to read: +15 min
She moved to Hunza Valley in Northern Pakistan in 2021, where she's lived ever since. I live in Hunza Valley, 8,500 feet above sea level on the border with Western China, where I work as a digital nomad. A drone shot of Hunza Valley in early May. A Hunza Valley local drying apricots. Though my solo journey to Pakistan started as a trip, Hunza Valley is now my home.
☆ Alibaba-backed Pakistani e-commerce platform Daraz cuts workforce by 11%
  + stars: | 2023-02-07 | by ( Ariba Shahid | ) www.reuters.com   time to read: +2 min
KARACHI, PAKISTAN, Feb 7 (Reuters) - Alibaba-owned e-commerce platform Daraz Group is reducing its workforce by 11% to prepare for the 'current market reality', Chief Executive Officer Bjarke Mikkelsen said. The group operates in Pakistan, Bangladesh, Sri Lanka and Nepal. Daraz, Pakistan's largest e-commerce retail platform, was founded in 2012 in Pakistan and acquired by Chinese giant Alibaba (9988.HK) in 2018. Ehsan Saya, managing director of Daraz Pakistan, told Reuters that Pakistan is its biggest market and said that Pakistan has the most number of employees employed across Daraz markets. Saya confirmed to Reuters that the 11% employee cut across the group will also mean an 11% cut in Pakistan.
☆ Chinese ecommerce giant Alibaba-backed Daraz cuts workforce by 11%
  + stars: | 2023-02-07 | by ( Ariba Shahid | ) www.reuters.com   time to read: +1 min
KARACHI, PAKISTAN, Feb 7 (Reuters) - Alibaba Group subsidiary, Daraz Group, an e-commerce platform, is reducing its workforce by 11% to prepare for the 'current market reality', the group's CEO Bjarke Mikkelsen said in a letter to employees shared on the company website. The group operates in Pakistan, Bangladesh, Sri Lanka and Nepal. Daraz, Pakistan's largest e-commerce retail platform, was founded in 2012 in Pakistan and acquired by Chinese giant Alibaba (9988.HK) in 2018. Daraz said in 2021 that it had access to 500 million customers with a team of 10,000 employees. It has invested $100 million in Pakistan and Bangladesh over the last two years.
☆ A Goldman banker quit his job to build a startup — and scored an Alibaba deal. He shares 4 top tips
  + stars: | 2022-09-20 | by ( Goh Chiew Tong | ) www.cnbc.com   time to read: +6 min
"One of the things that I love the most about e-commerce is that it's fair, it's a fantastic equalizer," said Bjarke Mikkelsen, founder and CEO of Daraz. After spending six years working for Goldman Sachs as an investment banker, Bjarke Mikkelsen faced a dilemma. "The idea was always to build something that was inspired by Amazon and Alibaba, where you have three elements. "If I came in try to build an e-commerce business that look the same way that Amazon looks in Denmark, that would not work," he added. Bjarke Mikkelsen Founder and CEO, Daraz"I didn't know what I was doing … just doing a few things 100% right was very, very challenging."
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