Often tagged as Africa’s Amazon.com, Jumia Technologies has been able to grow in markets largely untapped by the U.S. heavyweight, which is hampered by a lack of distribution infrastructure on the continent.
In the last decade, Ku Young Bae — a serial entrepreneur and South Korean transplant — has built Singapore’s biggest e-commerce company and fended off giant rivals like Alibaba, Amazon and Tencent.
Today’s “new retail” — a shopping experience that seamlessly blends digital and offline commerce — is still in its infancy. But it’s already defining the future of technology, business and operational strategies for companies worldwide.