Jumia’s investors rethink their stakes — for better and worse
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#e-commerce
#investments
Baillie Gifford, the Edinburgh-based asset management firm long known to have a penchant for pre-IPO tech companies, has reduced its shares in African e-commerce giant Jumia, per the latest 13G/A filing released by the asset manager.
Jumia, an African e-commerce company, has seen a drop in its stock price following the release of its Q4 financial results. Some investors are reevaluating their stakes in the company. Despite the drop, Jumia has seen growth in its active customers and gross merchandise volume. The company plans to expand its logistics and payment infrastructure in order to continue this growth.
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