Daraz, a Pakistani E-commerce company, announced to be purchased by Alibaba Group yesterday, becoming a member of Alibaba family. Besides, Alibaba has invested in Snapdeal, an E-commerce platform, and Bigbasket, and online supermarket, in India, the largest E-commerce market in South Asian.

Hangzhou Cross-Border E-Commerce Comprehensive Pilot Area is speeding up to conduct new foreign trade, new service, and new manufacturing plan, encourage E-commerce platforms to explore emerging markets of “Belt & Road”, deepen digital trade, and accelerate the construction of digital Silk Road as an important hub.