Rocket published its Q2 results for Global Fashion Group Friday so just how did the giant online e-tailer fare? It's doing well, apart from still being lossmaking. But losses have dwindled while sales are on the rise
Swedish investor Kinnevik has sold its remaining stake in German ecommerce company Rocket Internet for more than €200 million, capitalizing on a recent rally in the stock fueled by plans to list two of its start-ups.
Dubai's Emaar Malls will buy a 51 percent stake in e-commerce fashion website Namshi from Germany's Rocket Internet for $151 million (£116.5 million) as competition for technology deals heats up in the Middle East.
German e-commerce investor Rocket Internet said on Tuesday it managed to reduce losses at its main ventures in 2016 and hopes to turn three of them profitable by the end of 2017, with share listings still a possibility.