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Jumia Celebrates 9th Year Anniversary, Gives 60% Discount To Shoppers

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Jumia Celebrating you- Investors King

Nigeria’s leading e-commerce platform, Jumia, is celebrating nine years of its e-commerce journey with a sales campaign aimed at celebrating customers, sellers, and partners on its platform.

The campaign will run from June 11th until 27th, 2021.

Jumia’s 9th anniversary which also doubles as the anniversary of e-commerce in Nigeria, since the e-commerce giant paved the way for online shopping, is offering a 60% discount in a sales campaign tagged “Celebrating You”, aimed at celebrating new and loyal consumers.

The discount will apply to categories such as Electronics, Beauty, Fashion, Phones & Tablets, Groceries, Appliances and many more.

Partners for this campaign include over 11,000 sellers on the Jumia Nigeria platform and international brands such as Unilever, Xiaomi, Nivea, Reckitt Benkisser and Infinix.

Jumia Nigeria CEO, Massimiliano Spalazzi said: “It has simply been an amazing journey. If I went back to how we started and where we are, being the number one e-commerce company in Africa and in Nigeria, it makes us very humble. We believe that e-commerce has played an even more important role in people’s lives and to celebrate the achievement and to better serve our consumers and sellers, that is why the slogan for our 9th anniversary is ‘Celebrating You’.”

For the anniversary window, customers will enjoy up to 60% off on a diverse list of brands across categories including Groceries (Unilever, Nestle, Coca-Cola, Carrefour), Sanitary & Hygiene (Reckitt Benckiser, P&G, Henkel, GSK), Beauty (l’Oreal, Maybelline, Garnier, Nivea), Phones (Samsung, Xiaomi, Nokia, Huawei), Electronics (Intel, HP, Philips, Sony), lifestyle (Playstation 4) and many more.

“The anniversary will be celebrating you as our consumer, employee, seller, logistics partner, celebrating you as our client and those in the ecosystem and our environment for which we make life better every day,” Spalazzi added.

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E-commerce

Konga Tech Week: Over 100,000 Genuine Devices On Offer At Best Prices

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Konga Tech Week- Investorsking

Over 100,000 genuine laptops, Desktops, tablets, mobile phones, printers and supplies, gaming devices and accessories are on offer at highly discounted prices as Konga Tech Week goes live today.

Konga Tech Week, the most ambitious technology devices promo in Nigeria, runs from Monday, May 24 till Monday, May 31, 2021.

The management of Konga, Nigeria’s leading composite e-Commerce company, says the devices, all sourced directly from the Original Equipment Manufacturers (OEMs) will afford individuals, students, educational institutions, corporate organizations, government establishments, bulk buyers and other Nigerians to acquire genuine tech products at the best prices unmatched anywhere else in the market. The much-anticipated promotion will also see customers of Konga enjoy swift deliveries of their orders as part of efforts by the company to meet the huge demands expected.

A number of globally renowned tech brands have partnered with Konga for the week-long promotion. Among these are HP, Lenovo, Samsung, Apple, ASUS, Nokia, Zinox, Infinix and Tecno, among others.

Furthermore, Konga Tech Week is supported by the leading financial institution, Access Bank.

‘‘Konga Tech Week is an opportunity for all classes of shoppers including individuals and organizations to acquire genuine laptops, smartphones, tablets and other tech devices at very unbelievable prices,’’ disclosed Kenny Oriola, VP, Online at Konga.

‘‘The world has endured a lengthy scarcity of PCs occasioned by supply chain breakdowns and an unfulfilled backlog of shipping orders posed by the COVID-19 pandemic. The development has seen prices rise significantly for the few available units in the market. This is one of the reasons we have put up a huge number of PCs, laptops in addition to other devices for the Konga Tech Week.

‘‘For students, educational institutions, corporate bodies, government establishments, retailers, bulk buyers, or those executing contracts, the Konga Tech Week is your guide to getting the best deals and special offers for your needs.

‘‘Orders are processed on first come, first-served basis. So, I urge everyone to go online to www.konga.com, or any Konga store nearest to them to take advantage of this exclusive deal,’’ he concluded.

KongaGroup, which has gained the trust of millions of shoppers, says it guarantees the best prices in Africa for genuine devices during the Tech Week promotion which runs from 24th – 31st of May.

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Amazon Generates over $800,000 in Revenue per Minute, a 44% Increase in a Year

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Amazon

Online retail giant Amazon is one of the biggest beneficiaries of the coronavirus pandemic due to the high demand for online shopping. Consequently, the company has registered a staggering amount in revenue per minute.

Data acquired and calculated by Finbold indicates that the eCommerce firm generated $837,350 in revenue per minute for Q1 2021, representing a growth of 44.04% from the $582,200 recorded during the same period in 2020.

Among seven selected top tech companies, Apple (NASDAQ: AAPL) recorded the second-highest revenue per minute at $691,200, a drop of 1.96% from Q1 2020s $708,300. Google’s parent company Alphabet revenue per minute stands at $351,850, a 10.86% growth from last year’s $317,600.

As of Q1 2021, Microsoft revenue per minute was $321,840 an increase of 24.32% from $255,400 recorded during a similar period in 2020. Social media platform Facebook revenue per minute grew by 44.99% from Q1 2020s $20,193 to $136,900 for this year’s first quarter.

Elsewhere, electric vehicle manufacturer Tesla’s (NASDAQ: TSLA) revenue was $80,170 as of Q1 2021, to represent a growth of 71.42% from Q1 2020s $46,200. Lastly, streaming giant Netflix’s Q1 2021 revenue per minute was $55,250 a growth of 33.33% from last year’s $44,500.

Digital shift spurs growth in revenue per minutes

The report explains how the seven selected companies benefited from the coronavirus pandemic to record the high revenue per minute. According to the research report:

“The revenue for the companies shows the gains made during the coronavirus pandemic. The health crisis pushed more activities online and these companies were well-positioned to benefit as they sold services people needed. Big tech firms have earned a reputation of being in the right place at the right time. Notably, the pandemic accelerated digital transformation in education, health care, remote work, and e-commerce, boosting the companies profitability.”

With the tech companies dominating, questions on the market monopoly are still lingering.

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Amazon Web Services Quarterly Revenue Jumped by 32% YoY to $13.5B

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As one of Amazon’s strongest-growing business segments, Amazon Web Services witnessed a surge in revenue in the last year.

According to data presented by BuyShares, AWS generated cloud computing and hosting revenues of around $13.5bn in the first quarter of 2021, a 32% jump year-on-year.

AWS Annual Revenue Rose by 30% YoY Amid Pandemic

One of the most used ways for companies to utilize cloud computing is to take advantage of the various “as-a-service” options. These services provide business organizations with access to computing power, software, and other cloud-related functions without the need for in-house hardware.

Although cloud computing revenues had been increasing significantly even before the pandemic, the COVID-19 accelerated the growth of the entire sector as companies across the globe started searching for a way to secure business continuity amid the lockdown.

As the market leader, AWS had a tremendous role in that growth. In the first quarter of 2019, AWS quarterly revenue amounted to nearly $7.7bn, revealed the Amazon financial report. Over the next twelve months, this figure jumped by 33% YoY to $10.2bn in Q1 2020. Statistics show that AWS quarterly revenue continued growing throughout 2020 and hit $12.7bn in the last quarter of the year.

This figure increased by another $758 million in the next three months, with quarterly revenue rising to $13.5bn in the first quarter of 2021.

Statistics also show that AWS annual revenue jumped by 30% amid the pandemic, rising from $35bn in 2019 to $45.3bn in 2020.

80% of Business Organizations Use Amazon Web Services in 2021

According to the 2021 Flexera State of the Cloud Report, 50% of technical professionals from industries worldwide stated their organization was running a significant workload on Amazon Web Service. Another 30% said they were using AWS apps to some extent, while 13% were either experimenting or planning to utilize them in 2021.

Microsoft’s Azure ranked as the second most popular cloud platform service, with 76% of respondents running its applications. Google Cloud and Oracle Infrastructure Cloud followed, with 49% and 32% share of respondents, respectively.

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