Southeast Asia's Lazada rockets past $700m mark
“We go in with a certain hypothesis of growth and revenue. Sometimes you’re not able to guess how the market will react. If the hypothesis is not confirmed within 3-6 months then we decide to pull out.”
This was the explanation given by Tito Costa, Rocket Internet's managing director for Southeast Asia, when AVCJ asked him last year about the shuttering of two smaller e-commerce ventures in the region....
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