techcrunch.com
Zalora, Rocket Internet’s unprofitable Asian fashion portal, is selling off business units
#HTE
The ink is barely dry on Alibaba’s billion dollar investment in Southeast Asia’s Lazada, but already we have news of another Rocket Internet divestment. Zalora, Rocket Internet’s fashion-focused site that raised over $250 million and was once on an equal footing with $1.5 billion-valued Lazada, is shedding two of its lackluster country businesses to cut down on costs,… Read More
http://techcrunch.com/2016/04/14/zalora-rocket-internets-unprofitable-asian-fashion-portal-is-selling-off-business-units/?ncid=rss
The ink is barely dry on Alibaba’s billion dollar investment in Southeast Asia’s Lazada, but already we have news of another Rocket Internet divestment. Zalora, Rocket Internet’s fashion-focused site that raised over $250 million and was once on an equal footing with $1.5 billion-valued Lazada, is shedding two of its lackluster country businesses to cut down on costs,… Read Morehttp://techcrunch.com/2016/04/14/zalora-rocket-internets-unprofitable-asian-fashion-portal-is-selling-off-business-units/?ncid=rss