Daraz

News Summary:

On January 25, 2026, Ben Yi, Daraz Bangladesh managing director and Daraz Group chief commercial officer, stated that Bangladesh's e-commerce sector has moved significantly beyond early skepticism, emerging as a fast-evolving part of the digital economy, with Daraz Bangladesh at its center as the country's largest online marketplace. Yi projected that Bangladesh could easily achieve double-digit e-commerce penetration in the coming years. Previously, on November 6, 2025, DarazMall introduced an "Authenticity Guarantee" ahead of 11.11, offering 3X cashback, exclusive brand deals, and faster delivery to enhance the brand shopping experience. DarazMall operates as South Asia’s first virtual mall, hosting over 1500 brands. Earlier, on September 5, 2025, PropertyGuru Group appointed Lu Yao as Singapore managing director, effective September 15. Yao previously served as Group Head of Marketplace and Bangladesh Chief Commercial Officer at Daraz Group (Alibaba International Digital Commerce), where he shaped the commercial strategy in South Asia and drove growth transformation for Bangladesh. This followed Daraz Bangladesh's "Seller Summit 2025" on August 30, 2025, held at the Bangladesh-China Friendship Conference Centre, which saw attendance from Ben Yi and Md Sayed Ali, e-CAB administrator and commerce ministry’s Central Digital Commerce Cell coordinator.