Rocket, Kinnevik to form emerging market fashion e-commerce giant
German start-up incubator Rocket Internet and Investment AB Kinnevik, Rocket's biggest backer, are to consolidate five emerging market fashion e-commerce brands into a single global company with a combined valuation of EUR2.7 billion ($3.5 billion).
The five e-commerce platforms include India's Jabong, Southeast Asia and Australia's Zalora, Middle East's Namshi, Latin America's Dafiti, and Russia's Lamoda. The combined company will be called Global...
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