Recommended Reading: June 8, 2017 - eMarketer
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Recommended Reading: June 8, 2017

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

June 8, 2017

Fashion Media Brand Launches Shopping App

Who What Wear, a popular site among young women, has unveiled a shopping app that features curated products from select retailers like Bloomingdale’s, Topshop and Neiman Marcus. According to Re/code, two-thirds of Who What Wear’s traffic comes from mobile devices.

Alibaba, Ant Financial to Invest $1 Billion in Food Delivery Service Ele.me

Alibaba and its financial affiliate Ant Financial are about to invest $1 billion in Chinese food delivery startup Ele.me, according to a report in TechNode. That comes on top of another $1.25 billion investment in Ele.me from the two firms that was completed in April 2016. Analysts see the investment as another sign of the importance of the online-to-offline (O2O) sector in China, in which online consumers are pushed to make purchases for goods and services at nearby locations.

Belgium Cracks Down on Prepaid SIM Cards

Mobile operators in Belgium yesterday shut down 400,000 prepaid SIM connections that had not been registered prior to a government-imposed deadline for registering anonymous SIM cards as part of anti-terrorism efforts, according to De Tijd figures cited by Telecompaper. Most of the closed cards, which represented about 15% of the total in use in the country, had not been in use “in months,” Telecompaper’s report noted.

China’s Microblogging Service Weibo Reanimated

China-based microblogging service Weibo was once all but written off, having been surpassed in many ways by messaging platform WeChat. But Weibo—which is often compared to Twitter—has seen a resurgence thanks to efforts to draw new users from rural areas. Weibo now has more users than Twitter, and is working on expanding its live streaming and news aggregation efforts.

France-Based ‘LGBT Airbnb’ Gets Cash Boost

Misterb&b, the Paris-based Airbnb-style apartment-sharing platform specifically for LGBT travelers, has received $8.5 million in funding, according to TechCrunch. Founded in 2013, the site connects travelers to LGBT-friendly hosts in 135 countries.

Cliff Annicelli, Rahul Chadha and Rimma Kats

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