By Ariba Shahid KARACHI, PAKISTAN, Feb 7 (Reuters) - Alibaba Group subsidiary, Daraz Group, an e-commerce platform, is reducing its workforce by 11% to prepare for the 'current market reality', the group's CEO Bjarke Mikkelsen said in a letter to employees shared on the company website. Daraz, Pakistan's largest e-commerce retail platform, was founded in 2012 in Pakistan and acquired by Chinese giant Alibaba 9988.HK in 2018. Mikkelsen cited a difficult market environment, with a war in Europe, huge supply chain disruptions, soaring inflation, increasing taxes, and removal of essential government subsidies in its markets.