Tag: Rocket Internet


Alibaba raises its stake in Lazada to 83 percent

Alibaba raises its stake in Lazada to 83 percent

Alibaba Group (NYSE: BABA), parent company of used- and new-goods site Taobao and the stuff app Xianyu, continues to shell out billions on the Southeast Asian online shop Lazada. Yesterday, Hangzhou-based Alibaba Group (e-commerce, cloud services and entertainment) announced it would be upping its stake in Lazada from 51 to 83 percent by investing $1 billion U.S. in the business. The deal valued Lazada at $3.2 billion U.S..


Pakistan’s Pakwheels offers useful verification service

Pakistan’s Pakwheels offers useful verification service

Vehicle verification (making sure it is what the seller says it is) has always been a prerequisite for the buyer in Pakistan’s used-car market. Growing digitization of the economy has made the ritual simple, with motor registration authorities serving users online.

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Jobs search engine launches in Sri Lanka

Jobs search engine launches in Sri Lanka

Sri Lanka is a small island nation with a population of 22 million, but a growing, online jobs market, in which the big contenders were - until recently - Rocket Internet’s recruitment site EverJobs.lk, and TopJobs.lk, Cv.lk and Dreamjobs.lk. Now, there's another kid on the block.

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