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Recommended Reading: March 28, 2017

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

March 28, 2017

Amazon Delays Launch of Grocery Store

Consumers hoping to try out Amazon’s cashier-less grocery store, Amazon Go, may need to wait a bit longer. The store was set to debut at the end of the month, but the date has been pushed back due to technical complications, The Wall Street Journal reports.

Apple Wins iPhone Patent Ruling in China

An intellectual property court in Beijing overturned a May 2016 ruling that said Apple had violated the patents of a small China-based company with its iPhone 6 and 6 Plus models. Apple was still able to sell iPhones in China after filing an appeal, but the devices have seen their market share decline due to challenges from locally produced smartphones with competitive features. The latest ruling was seen as a sign that local courts will not always defer to local companies in intellectual property matters.

Wells Fargo Taps Apple Pay, Android Pay to Withdraw Money

Wells Fargo is letting US consumers withdraw money from its ATMs via their phone or smartwatch. According to MacRumors.com, which first broke the news, 5,000 Wells Fargo ATMs already support those near field communication (NFC) payment systems.

Flipkart Reportedly Buying eBay India

According to reports from the Economic Times and FactorDaily, India-based ecommerce platform Flipkart is planning to purchase eBay’s India operation as part of a recent funding round that raised $2 billion. The FactorDaily reported that eBay India would be absorbed by Flipkart in the deal. eBay launched its India operation in 2004, but has failed to garner a substantial number of customers, having been surpassed by competitors like Flipkart, Amazon India and ShopClues.com.

Facebook Messenger Lets Users Share Live Location

Facebook rolled out a Live Location feature that lets users share their real-time location for an hour within group message thread. Via the new feature, users will also be able to see an estimate of how long it would take to get to others’ locations by car.

Singtel Allows Remittances to Those Without Bank Accounts in Indonesia

Indonesian expatriates working in Singapore will now be able to use a remittance service offered by telecom Singtel to send money back home to people without a bank account. The new service allows those receiving the remittances to access the funds from post office branches in Indonesia. According to the government in Indonesia, Indonesians working in Singapore send about SGD570 million ($412.7 million) back home annually.

Offline Retail Data Outfit Snapcart Raises $3 Million

Snapcart, an Indonesia-based firm that sells data gleaned from offline purchases to advertisers, raised $3 million in its latest funding round. Snapcart works by offering cash to consumers who send them copies of receipts of purchases made offline, and then sells the resulting artificial intelligence-generated data to marketers. So far the company operates in Indonesia and the Philippines.

Amazon Lands First Drone in US

Amazon showed off its Prime Air drone delivery service with its first US delivery, The Next Web reports. In a demonstration at Amazon’s MARS Conference in California, a box of sunscreen bottles was delivered via a drone. No word yet on when Prime Air will be available to consumers.

Grab Raising $1.5 Billion to Take on Uber

Singapore-based ride-hailing service Grab is reportedly in the midst of a funding round estimated at $1.5 billion, as it seeks to shore up its finances to take on Uber in the competitive markets in Southeast Asia. According to Bloomberg, Japan’s SoftBank Group is leading the round with an investment of about $1 billion. Grab has already pledged to spend $700 million in Indonesia over the next four years.

—Rahul Chadha, Rebecca Chadwick, Rimma Kats

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