Kinnevik Archives - Inside Retail Asia

Zalora parent has weak debut on Frankfurt Stock Exchange

Shares in Zalora parent Global Fashion Group (GFG), started trading on the Frankfurt Stock Exchange this week

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.