Recommended Reading: April 18, 2017 - eMarketer

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Recommended Reading: April 18, 2017

eMarketer’s scan of the key developments of the day, plus data to make sense of it all

April 18, 2017

Is Walmart Acquiring Another Retailer?

In January and March of this year, Walmart acquired footwear and women’s clothing ecommerce retailers ShoeBuy and ModCloth, respectively. Now, Walmart is said to be acquiring yet another company—menswear retail Bonobos. According to Re/code, this would be Walmart’s fourth acquisition in seven months (the company also acquired

Ant Financial Ups MoneyGram Bid to $1.2 Billion

China’s Ant Financial increased its bid for US-based payments processor MoneyGram to $1.2 billion, outdoing a competing $1 billion offer for the company from US-headquartered Euronet. Ant Financial, the financial affiliate of Alibaba, had initially offered $880 million for MoneyGram in January. The move is expected to give Ant Financial a way to target unbanked and underbanked consumers in the US. However, the acquisition is also expected to draw scrutiny from US regulators.

Uber May Be Required to Provide Tipping Option in New York

A proposal from the New York City Taxi and Limousine Commission (TLC) may require Uber to provide a tipping option in its app. “This rule proposal will be an important first step to improve earning potential in the for-hire vehicle industry, but it is just one piece of a more comprehensive effort to improve the economic well-being of drivers,” Meera Joshi, the city’s taxi commissioner, said in a statement, according to The New York Times.

Cloud Computing Bolstered in Vietnam

Vietnam’s FPT Telecom and Internet Initiative Japan (IJJ) launched a new cloud computing service called FPT Hi Gio Cloud in Vietnam aimed at both individuals and businesses. FPT said it expects to acquire some 4,000 new enterprise clients for the new service within one year. Vietnam will have 52.1 million internet users this year, eMarketer estimates.

Lenovo Makes AI Push

China-based PC manufacturer Lenovo announced plans to invest at least $1.2 billion into artificial intelligence (AI), the internet of things (IoT) and big data initiatives over the next four years. Lenovo, which controls about 20% of the worldwide PC market, appears to be attempting to diversify its revenue streams beyond PC manufacturing. Lenovo also said it would work with Amazon and Google on the development of its new initiatives.

Poll Shows US Travelers Are Hypothetically Fleeing United Airlines

As United’s press woes continue, a new poll hypothetically questioned travelers’ preferences for United vs. American Airlines with scenarios for booking flights. In the April 12 survey of almost 2,000 US adults, media and technology company Morning Consult found that in theory, roughly 45% of respondents who were aware of the United incident would travel via American even if the United flight was shorter and less expensive.

—Rahul Chadha, Rebecca Chadwick, Rimma Kats

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Worldwide Ad Spending: The eMarketer Forecast for 2017

Paid media advertising outlays worldwide will increase 7.3% in 2017 to $583.91 billion. Growth will be roughly on par with previous estimates, and spending will rise at a steady pace throughout the forecast period, driven by increased investments in digital and mobile ads. Preview Report

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