Rocket Internet’s Zalora is retreating from two more countries in Asia

 Zalora, the Rocket Internet-backed online fashion store, is continuing its retreat from Asia. The firm sold off its businesses in Vietnam and Thailand last year, and now it is withdrawing from the Philippines and Indonesia. Yesterday it transpired that Zalora sold 49 percent of its Philippines-based operations to local real estate firm Ayala, as E27 reported, but it is in the process of… Read More

from https://techcrunch.com/2017/02/23/zalora-continues-asia-retreat/?ncid=rss