Alibaba's shares surged by 3.4% in Hong Kong on Friday, while its American Depositary Receipts rose by approximately 2.6% in premarket trading before the New York...
Nigerian e-commerce startup Sabi has secured $38 million in series B funding, bringing its valuation to $300 million. The funding round involved investors including Janngo Capital,...
Nigeria’s e-commerce industry, once hailed as a promising frontier of economic growth, is now grappling with a growing menace: fraud. Industry stakeholders have voiced their concerns,...
Giant e-commerce company Amazon has laid off some of its employees in its advertising unit, as part of its cost-cutting efforts. The information about the layoffs...
Amazon CEO Andy Jassy’s total compensation plunged in 2022, after he took a 99% pay cut, earning less than the company’s founder Jeff Bezos. In the...
Alibaba, the world’s largest e-commerce company, on Tuesday announced plans to split into six units that operate independently with different Chief Executive Directors and fundraising capabilities....
Leading e-commerce platform in Africa Jumia has signed a partnership deal with French retailer Leroy Merlin as it focuses to sell its products in rural areas...
E-commerce giant Amazon has announced plans to lay off more of its workforce as it seeks to navigate the current uncertain economy. The company’s Chief Executive...
This is the startup's second round of layoff in seven months after it laid off hundreds of employees in August and September 2022
Jumia, Africa’s largest e-commerce platform, has been notified by the Common Markets for Eastern and Southern Africa (COMESA) that it will be held accountable for goods...