Building in Africa
The results are almost in
Heads up: Jumia’s fourth-quarter report for 2020 will be released tomorrow and it’s something a lot of investors are looking forward to.
Jumia has moved from getting constant bashing in the media to becoming a darling of the stock market. Its stock market run in the last five months has been impressive and at one time, $JMIA traded at $67.
But ahead of results, share prices are down to $51 and depending on the results tomorrow, share prices may dip or rise. One thing investors will have their eye on will be the company’s losses.
Synopsis
Sharing trends from the year, Udaan said the lifestyle segment saw sales of 10 million comfort wear products and slippers across 900 cities during the year.
Udaan co-founders Amod Malviya, Vaibhav Gupta, Sujeet Kumar
NEW DELHI: B2B e-commerce major Udaan on Sunday said it added about one lakh new businesses last year on the platform under its Lifestyle segment under which over 230 million products were shipped. The Lightspeed-backed company has also seen over 250 sellers under the category achieve sales worth Rs 1 crore on the platform in 2020. We are glad that despite the global pandemic and its adverse impact, Udaan kept the wheels of small businesses across Bharat moving by leveraging the power and scale of e-commerce, Udaan Head (Lifestyle Business) Kumar Saurabh told .
Fiverr Announces Fourth Quarter and Full Year 2020 Results cadillacnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cadillacnews.com Daily Mail and Mail on Sunday newspapers.
2021/02/16 17:20
JAKARTA, INDONESIA - Media OutReach - 16 February
2021 -
According
to L.E.K. Consulting s latest insights, Indonesia s
e-groceries market is nearing a turning point in drivers of penetration. In the
broader Asian context, operators in the space have enjoyed success in markets
like China and South Korea.
COVID-19
is likely the catalyst that leads to a step-change in Indonesia s e-grocery
penetration that could be worth USD 5B-6B Gross Merchandise Value (GMV) by
2025, with possible upside risk. Against the backdrop of developing trends in
the market, the pandemic likely propelled adoption of online groceries by 2-3x
in 2020. With ~65% of the population lying below the age of 44 years and an