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April 14, 2016 08:17 am GMT
We already know that Alibaba’s decision to invest $1 billion to buy a controlling stake in Lazada, the Southeast Asia-based e-commerce firm started by Rocket Internet, was down to money since Lazada nearly ran out of cash. But now the situation has become all the more clear after Rocket Internet released its latest financial results. Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/fjFk7UJEF0c/
Spiralling losses show Lazada desperately needed Alibaba investment
We already know that Alibaba’s decision to invest $1 billion to buy a controlling stake in Lazada, the Southeast Asia-based e-commerce firm started by Rocket Internet, was down to money since Lazada nearly ran out of cash. But now the situation has become all the more clear after Rocket Internet released its latest financial results. Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/fjFk7UJEF0c/
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