Online Retailer Daraz Raises €50 Million

Daraz, an online retailer in Asian frontier markets, has secured €50 million ($55.9 million) in its first major financing round. The investment comes from the CDC Group – the UK Government’s Development Finance Institution (DFI) focused on supporting and developing businesses in Africa and South Asia – as well as Daraz’s existing investor Asia Pacific […] launches iOS App in Myanmar

A new app for Apple iPhone and iPad users to buy directly from the app – shopping on the go Yangon, May 25th, 2015:, Myanmar’s leading online shopping mall, has launched its iOS mobile app in the country for Apple iPhone and iPad users. The online shopping app is designed to provide a user-friendly […]

Samsung Launches Official Online Store in Myanmar

South Korean electronics giant Samsung has entered into a partnership with to become its official online retailer. With this partnership Samsung will have a dedicated “webstore” on, an online retail website which was launched in 2014 and is backed by Rocket Internet and part of the Asia Pacific Internet Group (APACIG). Stefan Braun, […]