Stifel analyst Scott Devitt said Jumia reported "mixed" Q2 results, including gross merchandise volume
growth of 69% that was "strong" although it was below expectations.
It looks to promote same-day delivery as the preferred delivery option among micro, small, and medium enterprises (MSMEs) as evidenced by their annual gross merchandise volume
run rate which is currently approaching $100 million.
Gross merchandise volume
(GMV), which measures the total value of goods sold using Shopify's e-commerce tools, grew to $13.8 billion -- up an incredible 51% year over year.
Shopify also noted a stronger than expected response to its fulfilment network (SFN), Willi said, adding that would help benefit new merchant acquisition while helping existing merchants reduce shipping costs and times and drive further gross merchandise volume
Moreover, over the past few years, HolidayMe has grown substantially in Middle East in terms of scale and operations, with a gross merchandise volume
growth rate of 127% y-o-y, and a transactions growth rate of 163% y-o-y.
During Sunday's Singles Day sale, PChome, the leading domestic online retailer, saw its gross merchandise volume
(GMV) increase by nearly six times and its average order volume (AOV) increase by 300 percent, according to the company.
Under Zhang's tenure Alibaba has moved from PC-based transactions to mobile-based, which now account for nearly 80 per cent of total gross merchandise volume
'Our goal is to digitalize all grocery stores by shortening their procurement cycle and doubling gross merchandise volume
in a year,' said Lin Xiaohai, general manager of LST.
We estimate that the gross merchandise volume
(GMV) transacted on Alibaba's China retail marketplaces accounted for over 70% of China's total online shopping GMV in 2017, based on iResearch data.
Over 1,700 truckers are using LOGIVAN since its launch, with a gross merchandise volume
of over US$1 million.
Alibaba leads the pack of top online marketplace platforms, with over twice the gross merchandise volume
of second-place Amazon in 2016.