The online eCommerce giant Alibaba has announced that they have completely purchased the eCommerce shopping web site daraz. Daraz have been operating in south Asia in countries like Pakistan, Srilanka and Bangladesh. The ecom giant Alibaba now owns all the businesses of Daraz. With this news the local eCommerce business in these countries have become very disappointing as they will be unable to compete with global established powerful business like Alibaba.
