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Benzinga
Benzinga
Business
Henry Khederian

Jumia Stock Pops: Here's Why One Hedge Fund Thinks The "Amazon Of Africa" Can Take On Temu And Shein

Jumia Shein Temu Africa JMIA Jumia Technologies Hunterbrook Hunterbrook Media GMV
Young,Happy,Woman,Enjoying,In,Christmas,Shopping,And,Looking,At

Jumia Technologies AG – ADR (NYSE:JMIA) shares are trading higher Friday morning after a Hunterbrook Media report argued that the long-struggling "Amazon.com Inc (NASDAQ:AMZN) of Africa" is mounting a turnaround. The outlet's affiliated investment fund disclosed a long position in the stock.

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