Rocket Internet CEO says feels very confident about Jumia

Credit: REUTERS/Hannibal Hanschke

BERLIN, May 29 (Reuters) - The chief executive of German tech investor Rocket Internet RKET.DE on Wednesday said he felt very confident about African ecommmerce company Jumia 4JMAy.F, but he declined to comment directly on reports that questioned its figures.

Jumia, which became the first African tech stock to list on Wall Street on April 12, has seen its shares hit by the publication of reports by Citron Research, run by short-seller Andrew Left. Rocket holds a 17% stake in Jumia.

Rocket Internet CEO Oliver Samwer told journalists that Jumia's first quarter results showed that the company was making "significant progress" and noted that Jumia had said it stood by its initial public offering prospectus.

(Reporting by Emma Thomasson, editing by Riham Alkousaa)

((+49 30 2888 5081; Reuters Messaging: emma.thomasson.thomsonreuters.com@reuters.net))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.