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Insights
11-May-18 Alibaba has bought Pakistani e-commerce firm Daraz, as it looks to increase its presence in South Asia. Daraz, founded in 2012, is backed by tech incubator Rocket Internet and operates in Bangladesh, Myanmar, Sri Lanka, Nepal and Pakistan. [image: Shutterstock / Retail In Asia]
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Insights
07-May-18 Gulf Capital has acquired a strategic stake in fintech firm Saudi Geidea to boost its presence in the payment and digital financial transactions sector in the GCC. The total value of the transaction is AED978 mn (USD266 mn). [image: Geidea]
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Insights
04-May-18 Gulf Cooperation Council private sector investment growth is expected to continue, and overall healthcare spend to reach USD104.6 bn in 2022, from USD76.1 bn in 2017. Medical tourism is as an integral part of economic diversification in the region. [image: International Medical Travel Journal]
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Insights
02-May-18 MC Payment will acquire Singapore e-tailer iFashion Group, valuing the company at USD19 mn. The lifestyle e-commerce platform has been growing via acquisitions, snapping up other fashion and e-commerce labels in Southeast Asia. [image: MC Payment]
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Insights
27-Apr-18 Ping An, which operates China’s largest online healthcare platform, Good Doctor, has raised USD1.12 bn in its initial public offering, pricing its shares at the top of its range in Hong Kong’s largest new listing to date in 2018. [image: Reuters]
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