Rocket Internet - updates

Rappler's latest stories on Rocket Internet

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PLDT unit seals partial sale of Rocket Internet stake

May 07, 2018 - 7:25 PM

As a result of the sale, the Manuel Pangilinan-led telco's equity ownership in Rocket Internet is reduced from 6.1% to 2%

PLDT not in hurry to fully divest from Rocket Internet

Apr 18, 2018 - 6:50 PM

PLDT's Manuel Pangilinan says his company is playing it by ear

NO RUSH. PLDT chief Manuel Pangilinan says there's no pressure on the part of PLDT to dispose its remaining one third of Rocket Internet shares. Photo by Alecs Ongcal/Rappler

PLDT subsidiary selling bulk of Rocket Internet shares

Apr 16, 2018 - 6:55 PM

PLDT Online Investments Private Limited will sell the shares at €24 (P1,545.28) each, or a total of about €163.2 million (P10.51 billion)

PLDT holds on to declining Rocket Internet

May 01, 2017 - 9:30 AM

Rocket Internet almost quadruples its losses in 2016 to €741 million 807 441 million PLDT owns a 6 1 stake in the German tech firm

'DISAPPOINTING.' It was in August 2014 when Manuel Pangilinan's PLDT invested €333 million (USD$362 million) for a 10% stake in the German firm. This is the telco's biggest overseas investment to date. Photo by Alecs Ongcal/Rappler

PLDT's income drops by 33% on Rocket Internet losses

Aug 02, 2016 - 5:00 PM

To compensate its increased spending PLDT cuts its dividend payout to 60 of core income from 75

IMPAIRMENT LOSSES. Despite the disappointing performance of Rocket Internet, PLDT chief Manuel Pangilinan says his telco will hold on to the investment. Photos by Chrisee Dela Paz/Rappler

Alibaba to buy $1B controlling stake in Lazada

Apr 12, 2016 - 4:26 PM

Alibaba says the investment consists of 500 million newly issued equity capital by Lazada and shares from existing shareholders – for a total of 1 billion

Can an 'Airbnb for offices' fly in Southeast Asia?

Mar 28, 2016 - 9:00 AM

FlySpaces connects small businesses with short term work spaces riding on the global coworking trend and giving entrepreneurs flexibility and savings in the process

Pakistan's untapped resources empowered by e-commerce boom

Feb 28, 2016 - 2:30 PM

Traditional Pakistani products are now reaching a wider base as Internet access grows

TO GO WITH 'Pakistan-Economy-Internet-Commerce' FOCUS by Masroor GILANI This photograph taken on November 19, 2015 shows Pakistani employees of online marketplace company Kaymu at work in Karachi. Women are seeing the benefits, but e-commerce presents potentially an even greater opportunity for young people in a country where roughly two thirds of the population -- of around 200 million -- are estimated to be under the age of 30. A recent economic survey by the finance ministry singled out the challenges facing youth in Pakistan, including "limited job search expertise, a mismatch between education, aspirations and employers' requirements and a lack of mobility, among other factors". AFP PHOTO / ASIF HASSAN / AFP / ASIF HASSAN

Online retailer Zalora Philippines goes 'offline' with pop-up store

Jun 17, 2015 - 6:29 PM

Zalora Philippines opens its pop up store in EDSA Shangri La Mall seeing a future shopping paradigm that is both online and offline

ONLINE GOES OFFLINE. Zalora Philippines aims to double its yearly sales for the next three years. All photos by Chrisee Dela Paz/Rappler

PLDT opens 2015 with flat net profit, organizational shakeup

May 05, 2015 - 6:23 PM

UPDATED The Philippines second most valuable listed company says it is on track in meeting its P35 billion core net profit guidance for 2015 with its first quarter performance slightly ahead of expectations

PLDT announces major changes in management as it undergoes a transition phase wherein growth of new businesses continues to outpace performance of legacy segment. File photo by Rappler

[Executive Edge] Shifting shopping from store to site

Feb 15, 2015 - 3:07 PM

The growth of e commerce is hinged on making Filipinos comfortable shopping online says Lazada co founder and CEO Inanc Balci

A trip for a cause

Jan 17, 2015 - 1:00 PM

Tripda hopes to ease traffic congestion during the papal visit through carpooling with rides offered or booked with a matching donation to students in need from the company

PLDT, Rocket Internet to launch mobile payment service

Jan 06, 2015 - 8:10 PM

The partners will tap their existing payment platforms under a 50 50 joint venture

PLDT’s stake in Rocket Internet down to 6.4%

Oct 02, 2014 - 7:59 PM

This is the third time the firm’s stake with the German startup is diluted from the original 10 or €333 million in August

Due to high demand, Rocket Internet IPO closes early

Sep 29, 2014 - 6:23 PM

One of Rocket Internet s shareholders PLDT says it plans to publish its listing of shares and trade on the Frankfurt Stock Exchange on October 2

Rocket Internet IPO to boost capital to $7.92B

Sep 24, 2014 - 4:41 PM

The German start up incubator starts rolling out its 32 9 million newly listed shares for public offering on September 24 until October 4

German start-up incubator Rocket Internet to go public

Sep 10, 2014 - 7:25 PM

The company eyes to raise funds for future growth opportunities

PLDT stake in Rocket Internet diluted

Aug 18, 2014 - 4:29 PM

The entry of United Internet AG diluted the dominant Philippine carrier’s stake to 8 6 from 10

World's thinnest smartphone (TechRap)

Aug 14, 2014 - 7:59 AM

Apple Samsung to launch iPhone 6 and Galaxy Note 4 Xiaomi beats Apple in China makes global top 5 Unboxing world s thinnest smartphone

Moody’s sees PLDT earnings rising after Rocket investment

Aug 11, 2014 - 6:19 PM

Moody’s says PLDT s earnings will improve slightly next year amid lower costs along with higher revenues from its broadband and mobile Internet businesses following its acquisition of a 10 stake in Rocket Internet

PLDT buys stake in Rocket Internet

Aug 07, 2014 - 4:38 PM

PLDT gets a 10 stake in Rocket Internet and the two will jointly develop mobile and online payment technologies and services

[Executive Edge] To the stars with rocket Internet

Jun 21, 2014 - 11:51 AM

Whether their products are completely original or not is irrelevant rocket Internet has a positive effect on the country

Nicolas Boldt, Country Manager, Carmudi Philippines