The consequences of the COVID crisis for emerging markets have been severe with millions pushed into poverty (income of less than $1.90 a day). Process of catch-up, where incomes/head rise faster in EMs than in advanced economies, has been set back by up to 10 years (World Bank)
China's e-commerce giant #Alibaba Group acquired the entire share capital of #Pakistan's top and South Asia's largest e-commerce platform Daraz Group on Tuesday, said a statement released by Daraz Group.