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Jumia to cut products and overhead as new management chases profits
TechCrunch· 2 years agoFrancis Dufay, the ex-chief at Jumia Ivory Coast and now acting CEO of Jumia -- took charge of the...
Jumia’s venture into quick commerce could slow its path to profitability
TechCrunch ExtraCrunch· 2 years agoProfitability has been an ongoing theme for Jumia since it went public in 2019. While the company’s...
Could Jumia Technologies Become the Next Amazon?
Motley Fool· 10 months agoWhen Jumia (NYSE: JMIA) went public four years ago, many investors hailed the e-commerce company as the "Amazon (NASDAQ: AMZN) of Africa." It had already...
Jumia reports GMV growth in physical goods across five countries and lowest losses since IPO
TechCrunch· 6 months agoIn Q3 2023, Jumia reported an adjusted EBITDA loss of $15 million, marking the lowest since its IPO...
Jumia quit food delivery because of deep-pocketed 'aggressive' rivals, CEO says
TechCrunch· 5 months agoLast week, pan-African e-commerce platform Jumia said it was discontinuing its food delivery...
Jumia Technologies Ag (JMIA) Q1 2024 Earnings Call Transcript
Motley Fool via Yahoo Finance· 3 weeks agoImage source: The Motley Fool. Jumia Technologies Ag (NYSE: JMIA) Q1 2024 Earnings Call May 07,...
Jumia discontinues food delivery across seven markets, shifts focus to expanding physical goods...
TechCrunch· 5 months agoPan-African e-commerce platform Jumia has disclosed its intention to discontinue its food delivery...
Jumia expects losses not to exceed $100M this year, per Q3 financials
TechCrunch· 9 months agoIn the first quarter of 2023, we reported that Jumia recorded its lowest losses in four years....
Jumia reaches lowest losses in four years under new management
TechCrunch· 1 year agoQ1 2023 marks the first quarter Jumia’s new management implemented its strategy after riding out the...
We're Hopeful That Jumia Technologies (NYSE:JMIA) Will Use Its Cash Wisely
Simply Wall St. via Yahoo Finance· 2 months agoWe can readily understand why investors are attracted to unprofitable companies. Indeed, Jumia...