Huawei Egypt halts supplies to e-commerce platforms

Huawei Egypt stopped the direct supply of its products to online retailers including Jumia and Souq.com, accusing them of “burning prices,” sources tell Al Borsa. The online retailers are accused of selling at prices 5-10% below market. Jumia Egypt CEO Hesham Safwat denied the halt by Huawei, saying both companies are in talks for a partnership.