<P> In May 2018, Alibaba bought entire Daraz brand from Rocket Internet . Daraz was founded as multinational e-commerce site by Rocket Internet in 2012 . At the time of acquisition, Daraz was operating few South Asian countries including Bangladesh, Myanmar, Nepal, Pakistan, and Sri Lanka . According to Rocket Internet, Daraz will continue to operate under the same brand name following the sale to Alibaba . </P> <P> In 2016, Alibaba's Taobao and Tmall, two of the world's largest and most popular online retail marketplaces, achieved a total transaction volume of 3 trillion yuan (US $478.6 billion). The company aims to double the transaction volume to 6 trillion yuan by 2020 . As of February 2018, Taobao reached 580 million monthly active users, while Tmall achieved 500 million monthly active users . It is also rapidly expanding its e-commerce network abroad . Alibaba has also announced that it will invest 100 billion yuan over five years to build a global logistics network, underpinning an aggressive overseas expansion, and demonstrating Alibaba's commitment to building the most efficient logistics network in China and around the world . It is investing 5.3 billion yuan in Cainiao Smart Logistics Network to boost its stake to 51 percent from 47 percent . The investment would value Cainiao, a joint venture of top Chinese logistics firms, at around US $20 billion . </P> <P> Alibaba.com, the primary company of Alibaba, is as of 2014, the world's largest online business - to - business trading platform for small businesses . Founded in Hangzhou in eastern China, Alibaba.com has three main services . The company's English language portal Alibaba.com handles sales between importers and exporters from more than 240 countries and regions . The Chinese portal 1688.com was developed for domestic business - to - business trade in China . In addition, Alibaba.com offers a transaction - based retail website, AliExpress.com, which allows smaller buyers to buy small quantities of goods at wholesale prices . </P> <P> Alibaba.com went public at the Hong Kong Stock Exchange in 2007, and was delisted again in 2012 . </P>

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