Q&A with Francis Dufay, CEO of Jumia, Africa's largest e-commerce platform, on Temu and other rivals, adding Chinese sellers to stay competitive, AI, and more
Damilare Dosunmu / Rest of World :
African e-commerce giant Jumia says it is ramping up the number of China-based merchants on its platform, as it faces competition from Temu and Shein
Olumuyiwa Olowogboyega / Semafor :
Lagos-based Jumia, once hailed as the “Amazon of Africa”, has seen its stock drop 85%+ since its April 2019 IPO amid falling customer growth and mounting losses
David Adeleke / Rest of World : Tweets: @hkanji , @ulonnaya , @naijaflyingdr , @restofworld , and @eajene Tweets: Hussein Kanji / @hkanji : Another Rocket Internet success story stumbles https://rest...
Lagos-based Jumia, once hailed as the “Amazon of Africa”, has seen its stock drop ~70% since its 2019 IPO amid stalling customer growth and mounting losses
Its stock has fallen 70% since its IPO as growth stalls and operating losses mount. — • ABUJA, NIGERIA Tweets: @ulonnaya , @restofworld , @eajene , and @naijaflyingdr Tweets: Tage / @ulonnaya : “You...
Jumia undergoes major restructuring after ousting its co-CEOs, including closing its Prime subscription program and its Logistics service in seven countries
Aanu Adeoye / Financial Times :
Jumia undergoes major restructuring after ousting its co-CEOs, including closing its Prime subscription program and its Logistics service in seven countries
Aanu Adeoye / Financial Times :
African e-commerce giant Jumia announces co-founders Jeremy Hodara and Sacha Poignonnec have stepped down as co-CEOs, replaced by executive Francis Dufay
Tage Kene-Okafor / TechCrunch :
Interview with co-CEO of Jumia, whose stock is up 3,000%+ in the last year, on African e-commerce, the company's path to profitability, and more
Tage Kene-Okafor / TechCrunch :
Interview with co-CEO of Jumia, whose stock is up 3,000%+ in the last year, on African e-commerce, the company's path to profitability, and more
This month, African e-commerce giant Jumia released its second full-year financials for Q4 and its fiscal year 2020.
Pan-African e-commerce company Jumia reports 2019 revenue of €160.4M, up 24% YoY, operating loss of €227.9M, up 34% YoY; active customers reached 6.1M in Q4
Jake Bright / TechCrunch :