All is not well with Jumia, no hope for market recovery, Alibaba and China is nobody's mate
This is not a good week for Jumia (NYSE: JMIA). Pfizer’s vaccine success sent Jumia tumbling by 16% on Monday. Then on Tuesday, the low earnings report saw shares crash by another 20%. But the good news, if you can imagine such a thing, is that the company is shifting from higher value goods like phones to lower value everyday goods like food items. The shift could give Jumia a wider appeal and a broader audience. Click here to read more
Billionaire investor, Bill Ackman, has predicted that there’s no chance of the economy improving soon. Ackman believes people will take the coronavirus less seriously because of news of the vaccine and a lot of businesses will suffer the consequences. Click here to read more
Alibaba (NYSE: BABA) made $75 billion in this year’s Singles Day sale online shopping Bonanza in China. It was a whopping 26% higher than last year and just in time to remind the rest of the world that China’s economy is nobody’s mate. Click here to read more
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Can you be more specific about the content of your article? After reading it, I still have some doubts. Hope you can help me.