08.05.2018
Rocket Internet SE DE000A12UKK6
DGAP-News: Rocket Internet SE: Alibaba acquires Daraz
DGAP-News: Rocket Internet SE / Key word(s): Disposal
Rocket Internet SE: Alibaba acquires Daraz
08.05.2018 / 09:00
The issuer is solely responsible for the content of this announcement.
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Rocket Internet SE: Alibaba acquires Daraz
- Alibaba acquires the entire share capital of Daraz, a company incubated by
Rocket Internet
- Testament to Rocket Internet's ability to successfully scale and exit
market-leading companies
Berlin, 8 May, 2018 - Rocket Internet SE ("Rocket Internet") announced today
that the leading Chinese eCommerce company Alibaba Group ("Alibaba")
acquired the entire share capital of South Asian eCommerce platform Daraz
Group ("Daraz") for an undisclosed amount.
Daraz was founded in Pakistan in 2012 and has since grown into the most
popular online shopping destination in the country. Today, Daraz also
operates online marketplaces in Bangladesh, Myanmar, Sri Lanka and Nepal.
The five South Asian markets in which Daraz is operating have a combined
population of over 460 million, 60% of which are under the age of 35. Daraz
will continue to operate under the same brand following the transaction.
"The sale of Daraz to Alibaba is another testament to Rocket Internet's
ability to successfully scale and exit market-leading companies", says
Oliver Samwer, CEO of Rocket Internet. "Leading technology and a strong
logistics network have helped creating one of the fastest growing companies
in the region. The acquisition by Alibaba is a tremendous success for the
entire team working at Daraz."
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Media Contact
T: +49 30 300 13 18 68
E: [email protected]
About Rocket Internet
Rocket Internet incubates and invests in internet and technology companies
globally. It provides operational support to its companies and helps them
scale internationally. Rocket Internet focuses predominantly on four
industry sectors of online and mobile retail and services that make up a
significant share of consumer spending: Food & Groceries, Fashion, General
Merchandise and Home & Living. Rocket Internet's selected companies are
active in a large number of countries around the world with more than 33,000
employees. Rocket Internet holds stakes in two significant publicly listed
companies, Delivery Hero and HelloFresh. Rocket Internet SE is listed on the
Frankfurt Stock Exchange (ISIN DE000A12UKK6, RKET) and is included in the
MDAX index. For further information please visit www.rocket-internet.com.
Disclaimer / Important Note
Despite not having control over the selected companies mentioned above, the
aggregate financial information is shown on a 100% basis (i.e. 100% of
revenues and EBITDA). The actual legal and economic interest of the Rocket
Internet group in the network companies shown above is far lower than 100%.
Please refer to Rocket Internet SE's consolidated financial statements for
additional information on the group's consolidation policies and its segment
information.
This document contains forward-looking statements. These statements are
based on the current views, expectations and assumptions of the management
of Rocket Internet SE and involve known and unknown risks and uncertainties
that could cause actual results, performance or events to differ materially
from those expressed or implied in such statements. Actual results,
performance or events may differ materially from those described in such
statements due to, among other things, changes in the general economic and
competitive environment, risks associated with capital markets, currency
exchange rate fluctuations and competition from other companies, changes in
international and national laws and regulations, in particular with respect
to tax laws and regulations, and other factors. Rocket Internet does not
assume any obligations to update any forward-looking statements.
Contact:
Investor Relations:
[email protected]
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08.05.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: Rocket Internet SE
Charlottenstrasse 4
10969 Berlin
Germany
Phone: +49 (0)30 300 13 1800
Fax: +49 (0)30 300 13 1899
E-mail: [email protected]
Internet: www.rocket-internet.com
ISIN: DE000A12UKK6
WKN: A12UKK
Indices: MDAX
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover,
Stuttgart, Tradegate Exchange; Luxemburg
End of News DGAP News Service
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683445 08.05.2018
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