Kinnevik Joins Rocket Internet to Form Global Fashion E-Commerce Group

Rocket Internet's headquarters in Berlin | Source: Rocket Internet

Investment AB Kinnevik and Rocket Internet AG, the e-commerce accelerator founded by Germany’s Samwer brothers, agreed to combine five online fashion businesses to create a global powerhouse.

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German Online Retailer Zalando Turns Profit Before IPO

Zalando collection | Source: Zalando

Zalando SE, Europe’s largest online shoe and fashion retailer, reported a second-quarter profit of 35 million euros ($46 million), giving investors more evidence the company is controlling costs ahead of a potential initial public offering.

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Op-Ed | Alibaba’s Catch-22

A Gucci wallet of unverified origin listed on Taobao | Source: Taobao

Stuck in a ‘catch-22’ in its relationship with luxury brands, Chinese e-commerce juggernaut Alibaba should take a page from Google, maximising revenue in the short term, while buying critical time to build enduring relationships with Western brands, argue Brian Buchwald and Joshua Neckes.

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