Jumia $JMIA Beating Amazon $AMZN & Alibaba $BABA In Africa (video)

Why Jumia Is Beating Amazon And Alibaba In Africa

Jumia has been dubbed the "Amazon of Africa" as Africa's largest e-commerce operator, surpassing Amazon and China's Alibaba, and it's the first African tech start-up to go public on the New York Stock Exchange. Investors had high hopes for Jumia when it went public on April 12. Now, Jumia is adjusting to its new international status, and figuring out what that status means for the African continent.

Sacha Poignonnec and Jeremy Hodara, former McKinsey & Company employees, founded the company in 2012. Like Amazon and Alibaba, Jumia allows customers to buy products like cell phones, shoes, and groceries online. Jumia also offers bill paying, food delivery, and cellular data plans.

China Daily, a Chinese state-run news organization, says that Alibaba serviced 4.2 million African customers through its AliExpress services since it entered the continent.

Jumia serviced 4.3 million users and 81,000 active sellers in 14 countries. Amazon is available in 11 countries on the African continent, but neither Amazon nor Alibaba have had the benefit of getting their start in African countries. Jumia, for example, offers unique features like allowing customers to pay for items upon delivery. CNBC video above published Jun 25, 2019.

Jumia is an e-commerce platform for electronics, fashion, and more. It has partnered with more than 81,000 local African companies and individuals and is a direct competitor to Kilimall in Kenya and Konga in Nigeria. Started in 2012 in Lagos, the company currently has a presence across 12 African countries.

Jumia Technologies AG

• Domain: jumia.com  / group.jumia.com
• Founded: Nigeria
• Traded as: NYSE: JMIA
• Founders: Sacha Poignonnec, Raphael Kofi Afaedor, Tunde Kehinde
• CEO: Sacha Poignonnec (2012–), Jeremy Hodara (2012–)
• Parent organization: Rocket Internet

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DISCLAIMER

52% of Global Growth 2014-16 from China and US; India 3rd at 6.5%

Courtesy of: Visual Capitalist

Chart above: 52% of Global Growth 2014-16 from China (30.3%) + US (21.7%), followed by:
India (6.5%)
UK (3.1%)
Germany (2.7%)
Indonesia (2.2%)
South Korea (2.0%)
Australia (2.0%)
Canada (1.9%)
Japan (1.6%)
Mexico (1.6%)
Nigeria (1.3%)
France (1.2%)
Turkey (1.2%)
Spain (1.2%)
Saudi Arabia (1.0%)
with the remaining 18.5% from Others.

In an analysis conducted by the Boston Consulting Group, 52% of all global growth between 2014-2016 can be attributed to China and the United States. While China may be slowing and U.S. growth isn’t what it used to be, these two economies still dominate due to sheer size and impact. While India is contributing 6.5% of global growth during this time period, Russia has struggled since oil prices collapsed, and is negatively impacting global growth by contracting -1.3% through 2016. The remaining BRIC, Brazil, has flatlined and is contributing 0.0% to world economic growth in the same timeframe.

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DISCLAIMER

2015 Internet Trends Report by Mary Meeker, KPCB (slides)

Outline from Mary Meeker's 2015 Internet Trends Report (source: KPCB)
Below is the full Slide Presentation

Mary Meeker is a former Wall Street analyst, now late-stage venture capitalist at Kleiner Perkins Caufield & Byers [domain name: kpcb.com] who has published annually an influential assessment of the Internet economy. Meeker presented her Internet Trends report at the Code Conference in Rancho Palos Verdes on Wednesday (full report below, outline above).



2015 Internet Trends Report from Kleiner Perkins Caufield & Byers

"KPCB’s Mary Meeker presents the 2015 Internet Trends report, 20 years after the inaugural “The Internet Report” was first published in 1995. Since then, the number of Internet users has risen from 35 million in 1995 to more than 2.8 billion today. The 2015 report looks at key Internet trends globally – while still healthy Internet user and smartphone subscription growth continue to slow, Internet engagement continues to rise led by consumers spending more time on their mobile devices, where they can be connected 24/7. Mobile advertising still has headroom to expand and new innovations around ad formats and buy buttons should prove compelling for consumers and businesses. 

"We are re-imagining more and more aspects of our daily lives, as mobile users and entrepreneurs continue to push innovation and creative output across new online platforms. User-generated / curated / shared content continues to rise, ranging from pins on Pinterest to videos on Snapchat and Facebook. Business processes continue to be re-imagined, led by companies aiming to make data more useful and services more efficient. Demographic shifts are helping to accelerate technology changes. Millennials are now the largest generation in the workforce and their work / life expectations differ from previous generations. As connectivity and commerce continue to rise, we have witnessed broad impacts on consumer expectations, which in turn can alter work for many, to a form of work that can be flexible and supplemental. Looking internationally, Chinese Internet leaders continue to innovate, while India is on-track to become the second-largest Internet market in the world."

Domain Mondo addendum to the above (based on an Economist research report today): three economies will dominate the 21st Century--China, India, and the U.S. Developing countries that have high GDP growth potential: Indonesia, Nigeria,  and Mexico.


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