Recommended Reading: February 20, 2017 - eMarketer
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Recommended Reading: February 20, 2017

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

February 20, 2017

Zuckerberg Unveils Global Vision for Facebook

In a post Thursday evening, Facebook CEO Mark Zuckerberg outlined the social network’s role in dealing with issues like fake news and climate change. “Are we building the world we all want?” he wrote. Zuckerberg said Facebook plans to focus on tackling these issues, and ultimately on building a more global community.

APAC to Account for Largest Share of Mobile Payments by 2024

According to recent projections from Transparency Market Research, the Asia-Pacific region will account for 42.5% of mobile payments worldwide by 2024, thanks in large part to pushes for cashless societies in India and China. The research firm estimates that mobile payment transactions will total more than $1.7 trillion globally by 2024.

A More Luxurious Airbnb

Bloomberg reports that Airbnb purchased Luxury Retreats, a Canada-based provider of high-end rentals and services, for about $300 million. AccorHotels and Expedia also made bids at higher amounts, but Luxury Retreats’ founder saw an opportunity to maintain greater control over the company with Airbnb.

Foreign Live Streamers Get the Boot in China

A report from Sixth Tone found that several live streaming platforms in China had suspended the accounts of foreign-based streamers, in a likely bid to stave off a crackdown by government regulators. Among the platforms that sent suspension notices to overseas streamers were Weibo’s Yizhibo and Blued, a popular gay dating app.

Ola, Uber See Rides Increase Fourfold in India in 2016

RedSeer Consulting reported that ride-hailing services Ola and Uber saw the number of rides completed in 2016 increase fourfold over the previous year. According to RedSeer, Uber and homegrown service Ola completed a combined 500 million rides in 2016, up from 130 million in 2015.

Didi Chuxing Establishes International Division

China’s leading ride-hailing app, Didi Chuxing, announced on Friday that it had set up an international division as part of redoubled efforts to expand operations into foreign markets. Didi is already a member of a coalition of ride-hailing services that combined forces to battle Uber in several markets, including some in Southeast Asia.

Self-Serve Yourself with Business Intelligence

Data from Gartner indicates that the business intelligence (BI) and analytics software market worldwide will rise to $22.8 billion in 2020, up from $18.3 billion in 2017. BI and analytics platforms are moving in the direction of enterprise-level use with the ease of self-service. However, although the market grew almost 64% in 2015, it will grow at a considerably lower rate of 19% by 2020.

—Rahul Chadha, Rebecca Chadwick, Rimma Kats

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