Rocket Internet vows to limit losses after 2015 cash burn

By Emma Thomasson BERLIN (Reuters) - German ecommerce firm Rocket Internet said it was on track to make three of its start-ups profitable by the end of 2017, and its losses should have peaked last year when its companies burned through 1 billion euros ($1.1 billion). It reiterated that 2015 should represent the peak of the losses for its major start-ups and repeated a target that three of those firms should be profitable by the end of 2017. Founded in Berlin by brothers Oliver, Alexander and Mar