(Bloomberg)—Flipkart Ltd. will buy Rocket Internet SE-backed online retailer Jabong for $70 million in cash to create India’s biggest fashion e-commerce business. Global Fashion Group, the parent of Jabong that’s backed by Rocket and Kinnevik AB, agreed to sell the business to focus on other markets, it said in an emailed statement. Flipkart, No. 76 … Continue reading India’s Flipkart buys a Rocket Internet-backed fashion retailer