Rocket Internet, the German tech company that made a business out of cloning Web startups, said that losses in the first half of 2016 drastically widened because of write-downs of its portfolio companies.
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Friday, September 2, 2016
Tech
Rocket Internet Loss Widens Following Write-Downs
Rocket Internet Loss Widens Following Write-Downs
Rocket Internet, the German tech company that made a business out of cloning Web startups, said that losses in the first half of 2016 drastically widened because of write-downs of its portfolio companies.
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Rocket Internet, the German tech company that made a business out of cloning Web startups, said that losses in the first half of 2016 drastically widened because of write-downs of its portfolio companies.
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