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...
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 :
A profile of Jumia, the pan-African e-commerce startup that had its US IPO last month, as it battles issues of logistics, traffic, and customer trust
How Apple, Facebook, and Oracle Compete For Best Silicon Valley Headquarters Tweets: @richeconomics : Jumia offers payment on delivery “as a marketing tactic” since customers are worried about being s...
Pan-African e-commerce company Jumia closes up 75.6% on its first day of trading, after raising $196M in its IPO, and is now valued at ~$3.9B
Maggie Fitzgerald / CNBC :
Pan-African e-commerce company Jumia sets US IPO price range of $13 to $16 per share, aims to raise $250M, at a valuation of $1.1B at the middle of the range
Tim Cohen / Daily Maverick : Tweets: @tim_cohen Tweets: Tim Cohen / @tim_cohen : Jumia lists for $1.1bn. Big day for African tech and e-commerce. Cudos to MTN for supporting them as a startup http://...
Pan-African e-commerce company Jumia files for an IPO on NYSE, becoming the first African tech startup to list on a major global exchange
Jake Bright / TechCrunch :