Kinnevik Archives - Inside Retail Asia

New lifeline for sagging Rocket Internet fashion sites

Investors have injected US$339 million lifeline into GFG, which owns the struggling Rocket Internet fashion websites.

Rocket merges shopping sites

German startup Rocket Internet has partnered with Swedish investment company Kinnevik to create a global fashion e-commerce group. The partnership will see them combine five fashion e-commerce businesses – Dafiti (Latin America), Jabong (India), Lamoda (Russia and CIS), Namshi (Middle East) and Zalora (Southeast Asia and Australia) to create a new global fashion e-commerce group called Global Fashion Group (GFG). GFG will operate across the five continents with a focus on growth markets, c…

[:en]Lazada expands to Singapore[:zh]Lazada扩张入驻新加坡

[:en]E-commerce giant Lazada has extended its Asian reach to include Singapore. The Rocket Internet-backed online retailer has launched a marketplace Lazada.sg for Singaporeans. “Singaporeans are increasingly turning to e-commerce to fulfill their every need and we feel that we are well positioned to maximise off this trend,” said co-founder and MD Martell Hardenberg. The Singapore site joins Lazada’s sites in Indonesia, Vietnam, Malaysia, Thailand and the Philippines. …

More funds for Lazada

SE Asian online retailer receives $40 million in funding from Swedish investment company.

x

SUBSCRIBE
FREE NEWS BRIEFS Get breaking news delivered