Why Jumia Stock Plummeted Today

African e-commerce site Jumia maintains growth as it shutters in Algeria

African e-commerce company Jumia will close operations in Algeria this quarter as part of a cost-cutting strategy as it comes under mounting pressure from Chinese competitors Temu and Shein.The planned closure comes after Jumia — which is headquartered in Nigeria — narrowed losses while growing revenue last year. It said the results were based on “a more stable macro environment and local currencies,” singling out Nigeria, where inflation has st…

Why Jumia Stock Plummeted Today

Key PointsJumia posted strong sales growth in Q4, but the business notched a wider-than-expected loss. Jumia stock is still up big over the last year, but investors may need to see improvements on the margin front going forward. 10 stocks we like better than Jumia Technologies Ag › Jumia (NYSE: JMIA) stock took a hit on Tuesday. The African e-commerce company's share price fell 15.8% in a day of trading that saw the S&P 500 decline 0.4% and the …

Jumia’s China Strategy Powers 82% Spike In International Sales

Jumia recorded an 82% jump in international sales in the fourth quarter of 2025, driven largely by its expanding China-focused sourcing strategy, as the African e-commerce firm pushes towards profitability by 2027. The surge, disclosed in the company’s latest financial results, highlights a strategic pivot that is reshaping Jumia’s business model after more than a decade of sustained losses. Rather than targeting Africa’s small aspirational midd…

Jumia Exits Algeria as It Faces Competition from Chinese Firms

Jumia is pulling the plug on its Algerian operations this quarter. Despite a period of narrowing losses and a “standout” performance in Nigeria, the “Amazon of Africa” is tightening its belt once again to survive an onslaught from Chinese ultra-fast-fashion and discount titans. The Strategy: Efficiency Over Expansion Jumia’s departure from Algeria isn’t an isolated […] The post Jumia Exits Algeria as It Faces Competition from Chinese Firms appea…

Jumia aims for profit as it fends off Chinese rivals

Africa-focused e-commerce retailer Jumia Technologies expects to break even in the last quarter of 2026.

Africa's Jumia expects to break even in late 2026

Africa-focused e-commerce retailer Jumia Technologies expects to break even in the last quarter of 2026. CEO Francis Dufay said the company aims to deliver its first full-year profit next year after years of careful restructuring. Jumia has exited Algeria and will now operate in eight markets, cutting groceries, food delivery, and staff to reduce costs. The company narrowed its 2025 full-year loss to $60.1 million from $97.6 million in 2024, sho…