Barzinime:
Enemies
Why can't you start your business and not be profit oriented... retard!

I am already in business and I have been profitable. It is your closed mindset and lack of mental capacity that is the issue here

LegendHero:


Yes I know. That’s exactly why I told you both segment are profitable.

Can you provide your source that says Amazon e-commerce in North America is not profitable?

It’s been awhile I read up on it. I will look for the link 2morrow.

The guys at Jumia are not just creative in terms of business. They're just pro tech guys, business-wise they're not creative at all..

Africa/Nigeria is an emerging market, many existing successful businesses outside Africa can be copied and replicated here. You'll get that initial buzz and the name, but only creativity will keep you in the market long-run.

Indians are doing the same, copying existing techs and replicating it for the Indian market.

We don't really have creative creators here, or the creative ones are yet to start up something.

Jumia is supposed to be a profitable business if done right. A simple introduction of ads for sellers would increase profit for the brand.

Merchant awareness is poor. Most small business owners don't know they can create a store and sell on Jumia, even the ones that knows don't know how.

A marketplace is not a build and forget business model, it requires constant innovation and creativity. You've copied the blueprint, then what next? How do you go from here?

See the likes of payporte, abeg, konga, where are they now? They just copied the blueprint and build it. But you can only copy what you see, the inner workings of the business you can't copy that. It is left for you to use your creative mind and go from there.

kettykin:


I am already in business and I have been profitable. It is your closed mindset and lack of mental capacity that is the issue here

Oga Amazon e-commerce is profitable... It has been profitable for a long time.

TheStrongest:
Amazon e-commerce is profitable, very profitable. It's just the the larger chunk of Amazon's profit comes from their cloud services.

4% is profitable?

post=132460733:
Children of hate frustrations and perdition that don't want to hear or see any good news about our darling country will soon start wailing, shouting na lie.

They have promised their miserable and frustrated life to never read any good news concerning our darling naija.

Na dat bitterness and hatred go wound dem and every one on their family, no matter what part of the country they are from.

GOD BLESS NIGERIA 🇳🇬.

Slow and steady we will get to the nation of our dreams.

Why you dey swear for person family?

kettykin:


https://futurumgroup.com/insights/how-aws-boosted-amazons-q2-2024-earnings/

I did my research on Amazon and heard the owner talk about the e-commerce business arm

Lmao

the financial statement is everything and not what an article is writing

I posted the financial statement of the company

SmartPolician:


Jumia isn't making money in Nigeria yet several years after they've operated here. Some things are just beyond human understanding. I just pity their investors

They told you that they aren't making money in Nigeria and they chose to remain. They are making money in South Africa and Tunisia and they chose to close down

TheStrongest:
The guys at Jumia are not just creative in terms of business. They're just pro tech guys, business-wise they're not creative at all..

Africa/Nigeria is an emerging market, many existing successful businesses outside Africa can be copied and replicated here. You'll get that initial buzz and the name, but only creativity will keep you in the market long-run.

Indians are doing the same, copying existing techs and replicating it for the Indian market.

We don't really have creative creators here, or the creative ones are yet to start up something.

Jumia is supposed to be a profitable business if done right. A simple introduction of ads for sellers would increase profit for the brand.

Merchant awareness is poor. Most small business owners don't know they can create a store and sell on Jumia, even the ones that knows don't know how.

A marketplace is not a build and forget business model, it requires constant innovation and creativity. You've copied the blueprint, then what next? How do you go from here?

See the likes of payporte, abeg, konga, where are they now? They just copied the blueprint and build it. But you can only copy what you see, the inner workings of the business you can't copy that. It is left for you to use your creative mind and go from there.

have you ever run any business before?

Zooposki:


I’m not reading that long essay. Bold the required. Most of their e-commerce profit comes from their third party sellers, unless you did not differentiate between Amazon and their third party sellers.

you do not have to read it, that is why you are confidently ignorant

post=132460733:
Children of hate frustrations and perdition that don't want to hear or see any good news about our darling country will soon start wailing, shouting na lie.

They have promised their miserable and frustrated life to never read any good news concerning our darling naija.

Na dat bitterness and hatred go wound dem and every one on their family, no matter what part of the country they are from.

GOD BLESS NIGERIA 🇳🇬.

Slow and steady we will get to the nation of our dreams.

asinwin,you are part of Nigerias problem,you are like a cockroach that needs insecticide for elimination

Beremx:
They will soon leave Nigeria too. If they can't survive in South Africa and Tunisia, na T-Pain administration dem wan survive?

Inukwa akuko?

Stay for internet dey short T- pain . Productive people are building houses. You are jobless and lazy waiting for Tinubu to spoonfeed you or your Messiah obi to be president which will n3ver happen. Grow up kid

LegendHero:


Both of them are profitable. E-commerce generated most of their revenue for North America than even AWS. But in terms of operating income, AWS is better.

Both segment are still profitable.

Don’t conflict Amazon USA with Amazon international.

The guy is right. What you just posted is half the story. Revenue does not equal profit. If you had read the whole article, you would find out that AWS makes majority of it's operating cost (profit after subtracting operating cost). That is because cloud is highly scalable while e-commerce is not.
E-commerce is a low-margin business. When you factor in the cost of last-mile deliveries and returns, there's not much left.

I think what he is trying to say is that there might be a market for cloud computing providers in Nigeria. Jumia can work to solve that demand.

post=132460733:
Children of hate frustrations and perdition that don't want to hear or see any good news about our darling country will soon start wailing, shouting na lie.

They have promised their miserable and frustrated life ton never read any good news concerning our darling naija.

Na dat bitterness and hatred go wound dem and every one on their family, n9 matter what part of the country they are from.

GOD BLESS NIGERIA 🇳🇬.

Slow and steady we will get to the nation of our dreams.

If only we could express our opinions on this app without degenerating to tribalism. Jumia that was founded in Nigeria 10 years ago got so big and expanded to other countries in Africa. Today, they’re gradually losing their foothold in other countries and they’re shrinking back to where they started, and you think that’s good news? This writeup is just fantastic PR, but y’all shouldn’t be so easily fooled. Folding up in other countries is never an indication of great performance in Nigeria. How does that even make sense to you? Regardless of how well the business is doing in Nigeria, it’s hardly enough justification to close up shops in other countries if they were doing well there. This is just a struggling company with a great PR team. They have been stifled out by thier competitors in those countries thus making Nigeria a major source of hope for them thanks to the lack of competition in the country. There’s literally no achievement to celebrate here.

Zooposki:


4% is profitable?

You can't rule out the 3rd party sales. Most products on the sites are 3rd party. It's still e-commerce

LegendHero:


What is the direct correlation between e-commerce and cloud service like AWS, Google Cloud, Azure, and etc?

By the way, what do you mean by “Amazon is not profitable”?

I am looking forward to a Naija e-commerce logistics service that will standardize using public transport as their courier service especially for parcel level deliveries. Insurance should be employed to improve the confidence of users and they should work with NURTW to make them a live logistics uber.

That will save lot of cost. You only need to care about the last mile

The problems with e-commerce in Nigeria are;

1. Dishonest delivery drivers
2. Poor road network
3. Dishonest sellers
4. High cost of delivery
5. Sub standard goods
6. Poor electricity

Miyachi:

The guy is right. What you just posted is half the story. Revenue does not equal profit. If you had read the whole article, you would find out that AWS makes majority of it's operating cost (profit after subtracting operating cost). That is because cloud is highly scalable while e-commerce is not.
E-commerce is a low-margin business. When you factor in the cost of last-mile deliveries and returns, there's not much left.

I think what he is trying to say is that there might be a market for cloud computing providers in Nigeria. Jumia can work to solve that demand.

No, the guy is not right. His premise was that their e-commerce is not making profit.

That’s a lie, because they are actually making profit. Cloud is a different industry entirely and it’s mainly their diversification effort.

E-commerce on its own is making profit for Amazon just as cloud is making profit for them. Just that cloud require less operating cost compared to e-commerce.

kettykin:

I thought we were talking about profitability and not revenue

The e-commerce is making profit for them too. It was never running at a loss like you initially opined.

No need overstretching something that is self-evident that everyone with a smartphone can verify.

Zooposki:


I meant Amazon does not generate profit from what they themselves sell, but their profit from their e-commerce platform comes from their third party sellers through the fees they charge them aka the bolded.

Okay, then we are saying the same thing.

Man, it is not easy to set up a infrastructure that provides services for cloud computing. Though, they can still get there.

kettykin:


Amazon has barely made profit since it was founded. It is a very thin margin business.

However, Amazon's financial situation began to shift, and it started reporting consistent profits in the mid-2010s. The company's growth in its Amazon Web Services (AWS) cloud computing division significantly contributed to its profitability. AWS has been a major driver of Amazon's earnings, often offsetting lower margins in its e-commerce operations.

Today, Amazon is a profitable company, though its profit margins in retail remain lower compared to the high margins from services like AWS and advertising.

Since jumia is in the same line of e-commerce business like Amazon. The smart thing is to copy their cloud offerings and other services

kettykin:


Amazon has barely made profit since it was founded. It is a very thin margin business.

However, Amazon's financial situation began to shift, and it started reporting consistent profits in the mid-2010s. The company's growth in its Amazon Web Services (AWS) cloud computing division significantly contributed to its profitability. AWS has been a major driver of Amazon's earnings, often offsetting lower margins in its e-commerce operations.

Today, Amazon is a profitable company, though its profit margins in retail remain lower compared to the high margins from services like AWS and advertising.

Since jumia is in the same line of e-commerce business like Amazon. The smart thing is to copy their cloud offerings and other services

I don’t understand you. Your responses are disturbing really


FYI Amazon’s retail business is its primary source of revenue. They used these revenues to startup other lines of business e.g. AWS


Stop lying boldly here.


Jumia isn’t making loads of profit so they should invest more billions to model Amazon’s other businesses in order to make profit right? How smart 🤦‍♂️

Beremx:
They will soon leave Nigeria too. If they can't survive in South Africa and Tunisia, na T-Pain administration dem wan survive?

Inukwa akuko?

You are just a useless bitter soul with all negativity in your life. The day you think positivity might be your last day on earth

Only a fool doesn't know that Jumia is not even top five of the biggest online retailers in South Africa. They simply can't keep up with the competition.

Shein n temu pushing em all put of business

post=132460733:
Children of hate frustrations and perdition that don't want to hear or see any good news about our darling country will soon start wailing, shouting na lie.

They have promised their miserable and frustrated life to never read any good news concerning our darling naija.

Na dat bitterness and hatred go wound dem and every one on their family, no matter what part of the country they are from.

GOD BLESS NIGERIA 🇳🇬.

Slow and steady we will get to the nation of our dreams.

Who share hotspot for this one

Obviously, they couldn't compete in SA🇿🇦🏆.

Major players are TakeALot 🇿🇦, Amazon 🇺🇲, Temu and Shein 🇨🇳.

Bye bye Nigerian Tokunbo! 🇳🇬👎🏾😂😂😂😂

Last i heard of Jumia or Zando was over 7 years ago💩💩💩

LegendHero:

Source: https://punchng.com/jumia-exits-south-africa-tunisia-faces-nigeria-others/

This decision comes shortly after South Africa’s largest online retail group, Takealot, announced the sale of its fashion subsidiary, Superbalist, amid rising competition from fast-fashion e-commerce giants like Shein and Temu. Dufay acknowledged that the growth potential in South Africa is increasingly challenging due to the highly competitive environment.

OP why didn't you highlight the bolded part o?

T-Pain why nah! Your wicked even reach South Africa and Tunisia ?

TheStrongest:
Amazon e-commerce is profitable, very profitable. It's just the the larger chunk of Amazon's profit comes from their cloud services.

Don't mind him
he is using the Nigerian situation to generalize.

🤣🤣 Poverty, hardship and ignorance as a result of the terrible policies of the evil leaders don condemn him life, he is now reasoning backwards.

Haters wont be happy over this news ! Thay are expecting they are exiting Nigeria

kettykin:


Amazon has barely made profit since it was founded. It is a very thin margin business.

However, Amazon's financial situation began to shift, and it started reporting consistent profits in the mid-2010s. The company's growth in its Amazon Web Services (AWS) cloud computing division significantly contributed to its profitability. AWS has been a major driver of Amazon's earnings, often offsetting lower margins in its e-commerce operations.

Today, Amazon is a profitable company, though its profit margins in retail remain lower compared to the high margins from services like AWS and advertising.

Since jumia is in the same line of e-commerce business like Amazon. The smart thing is to copy their cloud offerings and other services

de play

The same Amazon I de work abi na the one for Pluto you de talk 😒

Amazon biggest and most profitable venture is the e-commerce

If you know how much Amazon makes a day from only one delivery station
You go know say that company no be beans

WHERE THE MONEY IS