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Business

Rocket Internet sells 51 percent of Namshi to Emaar Malls

The online fashion sites group has sold a majority stake in its Middle East platform, Namshi, to Emaar Malls Group for 151 million dollars. The group unsuccessfully tried to buy Souq.com earlier this year. The German online retailers incubator will retain the reminding 49 percent holding in Namshi. The e-tailer made its first annual profit last...

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