Odds and Ends 

Pan-African e-tailer Jumia grows 3Q revenue, e-payments and losses

Pan-African e-commerce startup Jumia released its third-quarter financial results today. The numbers and presentation reflected some of the same past trends, with a dash of new, and nary a mention of a declining share price. The results Jumia — with online goods and service verticals in 14 countries — posted third-quarter revenue growth of 19% (€40 million) and increased its active customer base 56% to 5.5 million from 3.5 million over the same period a year ago. Jumia’s Gross Merchandise Value (GMV) — the total amount of goods sold over…

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Odds and Ends 

Global Fashion Group plans to raise 300M in Frankfurt IPO

The ongoing evolution of the startup factory known as Rocket Internet continues apace. Today, the Global Fashion Group, which is made up of a number of regional e-commerce fashion commerce sites — operating under the names Zalora, Dafiti, The Iconic and La Moda — originally incubated in the Berlin outfit, announced that it is planning a public listing on the Frankfurt stock exchange later this year. GFG is expecting to raise €300 million ($336 million) by selling newly issued shares in its IPO. The company, which is still operating at a loss, is…

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Odds and Ends 

Lazada, Alibabas Southeast Asia e-commerce business, gets a new CEO

Alibaba has reshuffled the leadership at Lazada, its e-commerce firm in Southeast Asia, after CEO Lucy Peng — an original Alibaba co-founder — stepped down to be replaced by Lazada executive president Pierre Poignant after just nine months in the role. Alibaba owns more than 90 percent of Lazada but it has been involved in the business since April 2016 when it bought 51 percent of Lazada for $1 billion from Rocket Internet. It invested a further $1 billion last year to increase its equity to around 83 percent and earlier this year…

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