Jumia, Africa’s e-commerce giant revenue crashed to 10% loss at lockdown
African e-commerce group Jumia’s revenues slid by 10% in the second quarter, dashing hopes that lockdowns
aimed at stemming the spread of the new coronavirus would lead to a flood of online orders.
Still, the loss-making company highlighted an 8% rise in orders and ongoing cost cuts that its co-CEO said pointed to a path. According to business day news.
As we know today, coronavirus has tremendously affect world economic, while causing many country’s crash of economy an hunger.
Since, government declares sit at home, most online e-commerce merchants benefited from it, while some do not.
Publicly, it has brought to notice that Africa’s e-commerce giant was among of those with a 10% slide of revenue.
Hopefully, we will update for more news about Africa’s e-commerce giant on 2nd qaurter of the lockdown.