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April 14, 2016 01:33 pm GMT
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
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/0P9Uo51uYLY/
Zalora, Rocket Internets unprofitable Asian fashion portal, is selling off business units
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 MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/0P9Uo51uYLY/
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