Rocket Internet

News & Analysis

Jumia Founder Rocket Internet Set to Found More Companies in 2019

4 April 2019 • By Reuters

4 April 2019 • By Reuters

Founder of Global Fashion Group and Jumia (potentially valued at over $1.6 billion in recent IPO), the German e-commerce investor plans to set up even more companies this year.

News & Analysis

Jumia Founder Rocket Internet Set to Found More Companies in 2019

Founder of Global Fashion Group and Jumia (potentially valued at over $1.6 billion in recent IPO), the German e-commerce investor plans to set up even more companies this year.

News & Analysis

Alibaba Bets on Frenchman to Lead High-Stakes Southeast Asia Expansion

3 March 2019 • By Bloomberg

3 March 2019 • By Bloomberg

Unusual choice Pierre Poignant named third CEO in nine months of Lazada, the subsidiary spearheading Alibaba's high-stakes Southeast Asia expansion.

News & Analysis

Alibaba Bets on Frenchman to Lead High-Stakes Southeast Asia Expansion

Unusual choice Pierre Poignant named third CEO in nine months of Lazada, the subsidiary spearheading Alibaba's high-stakes Southeast Asia expansion.

News & Analysis

Rocket Internet to Invest in Firms That Can Conquer US

8 June 2018 • By Bloomberg

8 June 2018 • By Bloomberg

Chief executive Oliver Samwer said he would incubate and invest in firms trying to make it in the competitive US market.

News & Analysis

Rocket Internet to Invest in Firms That Can Conquer US

Chief executive Oliver Samwer said he would incubate and invest in firms trying to make it in the competitive US market.

BoF Professional Exclusive

Can Global Fashion Group Shed Its Turbulent Past and Become Profitable?

31 August 2017 • By Chantal Fernandez

BoF Professional Exclusive

Can Global Fashion Group Shed Its Turbulent Past and Become Profitable?

After a slew of challenges, the ex-Rocket Internet fashion e-commerce subsidiary is taking a more pragmatic view on the future.

News & Analysis

Dubai's Emaar Buys 51 Percent Stake in E-Commerce Site Namshi

24 May 2017 • By Reuters

24 May 2017 • By Reuters

Emaar Malls said it will buy a 51 percent stake in fashion website Namshi from Germany's Rocket Internet for $151 million as competition for technology deals heats up in the Middle East.

News & Analysis

Dubai's Emaar Buys 51 Percent Stake in E-Commerce Site Namshi

Emaar Malls said it will buy a 51 percent stake in fashion website Namshi from Germany's Rocket Internet for $151 million as competition for technology deals heats up in the Middle East.

News & Analysis

Rocket's Global Fashion Cuts Losses Despite Tough Markets

5 April 2017 • By Reuters

5 April 2017 • By Reuters

The fashion retailer reined in losses in the fourth quarter as it increased efficiency across its regions despite tough economic conditions.

News & Analysis

Rocket's Global Fashion Cuts Losses Despite Tough Markets

The fashion retailer reined in losses in the fourth quarter as it increased efficiency across its regions despite tough economic conditions.

News & Analysis

Rocket Internet Shares Tumble After Kinnevik Sells Half of Stake

23 February 2017 • By Reuters

23 February 2017 • By Reuters

The company's shares have slid in the last year as many investors have become concerned over heavy losses and falling valuations for its key start-ups.

News & Analysis

Rocket Internet Shares Tumble After Kinnevik Sells Half of Stake

The company's shares have slid in the last year as many investors have become concerned over heavy losses and falling valuations for its key start-ups.

News & Analysis

Rocket Internet’s Global Fashion Shrinks Losses on Cost Cuts

23 November 2016 • By Bloomberg

23 November 2016 • By Bloomberg

The adjusted loss narrowed to €32.3 million ($34.3 million) from €54 million a year earlier.

News & Analysis

Rocket Internet’s Global Fashion Shrinks Losses on Cost Cuts

The adjusted loss narrowed to €32.3 million ($34.3 million) from €54 million a year earlier.

News & Analysis

Rocket Internet Trims Losses at Main Start-Ups

22 September 2016 • By Reuters

22 September 2016 • By Reuters

Rocket Internet said it had made progress to cut losses at its main start-ups and reiterated that it expected three of them to turn profitable by the end of 2017.

News & Analysis

Rocket Internet Trims Losses at Main Start-Ups

Rocket Internet said it had made progress to cut losses at its main start-ups and reiterated that it expected three of them to turn profitable by the end of 2017.

News & Analysis

Rocket Internet Slashes Home24 Value in New Funding Round

8 September 2016 • By Bloomberg

8 September 2016 • By Bloomberg

Rocket Internet has lowered the value of one of its key portfolio companies by more than 50 percent in a new financing round, the latest setback the Berlin-based startup incubator.

News & Analysis

Rocket Internet Slashes Home24 Value in New Funding Round

Rocket Internet has lowered the value of one of its key portfolio companies by more than 50 percent in a new financing round, the latest setback the Berlin-based startup incubator.