Recommended Reading: March 10, 2017 - eMarketer
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Recommended Reading: March 10, 2017

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

March 10, 2017

Amazon Plans to Open More Bookstores

Late last year, Amazon announced it would open its first-ever physical bookstore. The company has since expanded, Re/code reports, and is planning to open its 10th location in Bellevue, Washington later this year. The move is one of several recent signs of blurring lines in retail, reflecting consumers’ preference for choice.

Didi Chuxing Opens Self-Driving Lab in US

Chinese ride-hailing giant Didi Chuxing announced the opening of a new research lab focused on artificial intelligence in Mountain View, California. The new facility, called Didi Labs, will center its work on technologies that can be applied toward self-driving vehicles. It marks the first such research institute opened by Didi in the US.

App Security Issues Plague Uber

Among the many issues Uber has experienced lately, security issues with the app can now be added to the list, according to a new report from enterprise mobile security provider Appthority. There are several issues at play, according to the findings, but chief among them is the integration of more than 600 third-party apps and services with Uber’s APIs, which leads to the possibility that user information may be compromised.

O2O Platform Fave Buys Groupon Singapore

Southeast Asia’s online-to-offline (O2O) ecommerce platform Fave announced it has acquired Groupon Singapore for an undisclosed sum. Fave started its life as Kfit, a fitness-focused sharing platform, but has moved aggressively into the region’s O2O sector by buying both Groupon Indonesia and Groupon Malaysia in 2016.

Philippine President Approves Broadband Plan

President of the Philippines Rodrigo Duterte approved a plan to expand the country’s broadband through investment in both fixed-line and wireless infrastructure. Among the plan’s goals are linking rural users to the internet and providing access to online government services. eMarketer estimates two-thirds of the country’s population will have use the internet by 2020.

But wait, there’s more!

  • Facebook Messenger Day Launches Snapchat Stories Clone (TechCrunch)
  • Airbnb Closes $1 Billion Round of Funding (CNBC)
  • Amazon Seeks Fresh Investment in India with New Grocery Service (The Wall Street Journal)

—Rahul Chadha, Rebecca Chadwick, Rimma Kats

New in eMarketer PRO This Week

Report: Where US Gen X Stands: A Hard-Luck Cohort that Is Too Important to Neglect

Forget the notion that Gen X is a small market: It isn't. The real problem for marketers is that Xers—though now earning and spending more per household than other generations—are financially stressed. The good news? Their digital usage, along with their TV viewing, makes them eminently reachable.

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