Philippine telco PLDT buys 10% stake in Rocket Internet for 333 million euros, valuing it at 3.3 billion euros ($4.4 billion)

Philippine Long Distance Telephone Company (PLDT), the largest telecommunications company in the Philippines, is buying a 10 percent stake in German tech startup incubator Rocket Internet. PLDT acquired the stake through a 333 million euro (approximately $445 million) directed share issue subscribed for in cash, thus valuing the Samwer brothers’ e-commerce focused “company cloning factory” […]

How big is Zalando?

With more than 500 million euros in revenue in Q1 2014, online fashion giant Zalando is gearing up for an IPO. A presentation from its biggest backer, Kinnevik, tells us more about its current size and scale.