• Friday, Nov 16, 2018
  • Last Update : 02:52 am

Walmart and Amazon to start operating in Bangladesh in 2020

  • Published at 09:22 pm September 8th, 2018
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Reuters

In addition to this, Chinese e-commerce giant Alibaba have already entered the market by purchasing Daraz

Walmart and Amazon, two global e-commerce giants, have planned to enter the Bangladeshi market by 2020, said Rezwanul Haque Jami, vice -president of the e-Commerce association of Bangladesh (e-CAB).  

Rezwanul made the statement while addressing a roundtable discussion on “Local e-commerce industry issues, challenges and solutions” in Dhaka yesterday.

“Walmart has an office in Bangladesh, and they have been conducting market research for the last 1.5 years. They want to start their business in Bangladesh,” he added. 

“On the other hand, Amazon has come to Bangladesh and held meetings with the government and the authorities concerned. They are planning to start operating here by 2020,” said Rezwanul.

In addition to this, Chinese e-commerce giant Alibaba have already entered the market by purchasing Daraz, he added. 

In May 2018, Alibaba acquired Daraz Group, a leading e-commerce company in Bangladesh and several other South Asian countries.