Recommended Reading: May 31, 2017 - eMarketer

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Recommended Reading: May 31, 2017

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

May 31, 2017

Twitter Teams Up with the BBC on Live Video

Twitter has partnered with the BBC on a live streaming effort. According to TechCrunch, the deal will bring live video and breaking news from BBC’s UK election coverage to Twitter’s network.

H&M Adds UK Loyalty Program

Fast-fashion retailer H&M has launched a mobile app-based loyalty program, H&M Club, in the UK, according to Retail Times. The program awards members an ongoing 10% discount and special offers and perks unlocked via points collected for every pound spent in-store or online.

India Food Startup Swiggy Pulls in $80 Million

India’s food delivery sector is heating up. This time it’s South Africa-based firm Naspers fanning the flames by leading an investment round of $80 million in food delivery company Swiggy. The funding will be used to invest in engineering and technology, along with plans to expand the startup’s reach in India.

Anti-Uber Taxi Strikes in Spain

Taxi drivers in several of Spain’s largest cities staged strikes this week to protest the competition posed by ride-hailing apps Uber and Cabify, according to El País. Drivers are particularly displeased with the workaround Uber has found to keep its previously shut-down ride-sharing business up and running in that country.

Asia Accounts for One-Third of 2017’s New ‘Unicorns’

CB Insights reports that one-third of 2017’s newly minted “unicorns”—companies backed by venture capital with a valuation of at least $1 billion—hailed from Asia. In addition, six of the seven new unicorns based in Asia are in China. By comparison, 12 of the world’s new unicorns were based in the US.

Twitter Adds New Direct Messages Feature

Twitter has added a new feature to Direct Messages that will sort messages into two places: inbox and requests. The requests box will contain messages from people users don’t currently follow. Users will be able to preview the message and choose whether to reply or delete it.

UK Conservatives Eye German-Style Social Media Fines

If re-elected next week, the UK’s Conservative government would consider imposing fines on social media companies for failing to address extremist content on their sites, according to comments attributed to security minister Ben Wallace by The Guardian. The move mirrors a plan currently making its way through the legislative process in Germany that looks to spur sites to react more aggressively to posts that in other media realms would be considered illegal in that country under threat of massive fines.

China’s Sharing Economy Takes on—Basketballs?

Companies in China are applying the concept of the sharing economy in nearly infinite ways, according to an article in The New York Times. The piece notes that while new bicycle-sharing companies have grabbed a lot of headlines, there are companies focusing on the sharing of things like mobile phone power banks, umbrellas and even basketballs. China, you’re oversharing.

—Cliff Annicelli, Rahul Chadha and Rimma Kats

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