<article><a style="color: #000080;" href="http://www.rocket-internet.com">Rocket Internet SE</a> clarified a report that it did not shut down its ecommerce startup <a style="color: #000080;" href="http://www.kaymu.com" target="_blank">Kaymu</a>.</article>

<a style="color: #000080;" href="http://www.rocket-internet.com">Rocket Internet SE</a> clarified a report that it did not shut down its ecommerce startup <a style="color: #000080;" href="http://www.kaymu.com" target="_blank">Kaymu</a>.
The report from a popular tech news website said Rocket has shut down Kaymu in the Philippines, Cambodia, and Myanmar.
However, in an online inquiry by <a style="color: #333399;" href="http://www.dealstreetasia.com" target="_blank">DEALSTREETASIA</a>, Rocket&#8217;s global communications manager Marie-Luise Klose belied the said report.
&#8220;It is not correct we shut down Kaymu,&#8221; Klose said in her email reply. &#8220;We merged Kaymu and Daraz earlier this year. Under the umbrella of &#8216;Daraz Global&#8217; Kaymu MM and Shop.com.mm have merged and sellers of Kaymu have been moved to Shop.com.mm platform successfully.&#8221;
Founded in 2012, Kaymu claims to be &#8220;the [number one] marketplace in emerging countries&#8221;, a buy and sell website where users can advertise and sell items directly to the customers that are mostly in the same areas or nearest ones.
<a style="color: #000080;" href="https://web.facebook.com/kaymu.philippines/?_rdr" target="_blank">Kaymu Philippines</a> and <a style="color: #000080;" href="http://www.kaymu.com.kh/thank-you/" target="_blank">Cambodia</a> recently announced in their respective Facebook page and website that the sites no longer accept orders.
Kaymu&#8217;s homepage now only includes Bangladesh, Pakistan, Sri Lanka, Nepal, and Saudi Arabia.
Rocket&#8217;s new ecommerce entity the <a style="color: #000080;" href="http://www.daraz.com" target="_blank">Daraz Group</a> provides a vast variety of items, used or new, such as smartphones, computers, fashion items and clothing, home appliances, cars and real estate.
The German startup investor recently announced the countries in the region that the Daraz Group will cover are Bangladesh, Cambodia, Myanmar, Nepal, Pakistan, Philippines, Malaysia, Sri Lanka, including Saudi Arabia.
Only two weeks ago, Reuters reported that Rocket saw its shares tumble in July 2015 when it said it would sell 550 million euros worth of convertible bonds. In February, it said it would buy back up to 150 million euros of them.
Rocket reiterated a target set a year ago to turn three of its 10 main start ups profitable by the end of 2017, while highlighting smaller losses at home furnishings site Westwing and at GFG. Earlier this month, Rocket reported a first-half consolidated loss of 617 million euros, mainly due to impairments on its GFG stake.
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Rocket Internet denies shutting down ecommerce startup Kaymu

Rocket Internet denies shutting down ecommerce startup Kaymu

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Rocket Internet denies shutting down ecommerce startup Kaymu

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