Beginning with fashion site Zalora in the Philippines in late 2011, Germany's Rocket Internet has since been hatching dozens of copycat e-commerce sites in Southeast Asia and the general vicinity--and quickly shutting down some of them. It's invested at least $200 million already in Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam--perhaps up to $300 or $400 million if Rocket start-ups are spending tens of million of marketing dollars in each country, as rumored. Rocket ...
Beginning with fashion site Zalora in the Philippines in late 2011, Germany's Rocket Internet has since been hatching dozens of copycat e-commerce sites in Southeast Asia and the general vicinity--and quickly shutting down some of them. It's invested at least $200 million already in Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam--perhaps up to $300 or $400 million if Rocket start-ups are spending tens of million of marketing dollars in each country, as rumored. Rocket ...
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