Rocket Internet’s sales growth slows as seeks to stem losses

By Emma Thomasson BERLIN (Reuters) – Shares in German ecommerce investor Rocket Internet slid on Tuesday after it reported that revenue growth slowed sharply in the first quarter at most of its top start-ups as it took steps to try to reduce their losses. Rocket has pledged that the 1 billion euros ($1.12 billion)it burnt through in 2015 will mark a peak for losses and promises to make three start-ups profitable by the end of 2017. On Tuesday it reported progress towards that goal as the quarterly absolute loss at its main start-ups fell 23 percent on the previous year to 140 million euros.

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Rocket Internet’s sales growth slows as seeks to stem losses