Jumia is selling more groceries and digital services—but revenue fell in the first quarter
submitted almost 6 years ago by zikani03
submitted almost 6 years ago by zikani03
- Jumia, Africa's largest e-commerce platform, reported a slight reduction in losses despite a 7% drop in revenue during the first quarter of 2020, largely due to the pandemic's impact on various product categories.
- While facing challenges like supply chain disruptions and reduced staff, Jumia experienced a significant increase in grocery sales and interest from new sellers, and its payment platform, Jumia Pay, saw a 71% rise in transaction volume.
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