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 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
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