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April 27, 2016 09:50 am GMT
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/NtSlBs_BX28/
Rocket Internets GFG pockets $340M at $1.1B valuation, down from $3.5B a year ago
Rocket Internet continues to bring in money for its various e-commerce businesses, but things are definitely not looking great for all of its companies. On the heels of Alibaba investing in its Amazon clone Lazada, todaythe Berlin-based incubator announced that Global Fashion Group, the company’s unprofitable merged fashion business, raised300 million ($340 million) “at… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/NtSlBs_BX28/
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