Rocket Internet’s Zalora is retreating from two more countries

techcrunch.com

Zalora announced an investment from a real estate firm in the Philippines for its local operations, but it is also in talks over a deal with retailer MAP in Indonesia. The firm sold off its Thailand and Vietnamese businesses last year. It looks like it wasn't able to offload Zalora as a whole like Lazada (which Alibaba acquired) so it is selling it off piece by piece instead.

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