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Rocket Internet Falls as Report Fails to Quell Profit Fears

  • First-quarter losses cut by $45 million at select companies
  • Some e-retailers in Germany, Latin America, Africa flagging
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Rocket Internet SE shares fell as a quarterly report on the startup factory’s key portfolio companies failed to give enough information to convince investors its strategy is paying off.

The Berlin-based builder of e-commerce startups shrank first-quarter losses at some key startups by 40 million euros ($45 million) while its HelloFresh and Westwing businesses struggled in Germany, according to a statement from the company Tuesday.