Recommended Reading: May 5, 2017 - eMarketer
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Recommended Reading: May 5, 2017

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

May 5, 2017

Google Releases Statement on Phishing Email Scam

A Google Doc phishing scam spread fast earlier this week. Some people received the malicious email, which appeared to come from someone they knew, inviting them to click on what appeared to be a shared Google document. Google addressed the issue on Twitter, saying the company has taken action against an email impersonating Google Docs, and has disabled the offending accounts.

Is Baidu Stuck in Decline?

TechNode’s Emma Lee has written a piece detailing Baidu’s recent troubles and failure to keep pace with China’s two other large internet service companies—Alibaba and Tencent. Lee notes that Baidu’s market capitalization is roughly $61 billion, far below Alibaba ($286.6 billion) and Tencent ($302 billion). In addition, Baidu has trailed its rivals in investing in emerging sectors of the digital economy, such as digital media and on-demand services.

Amazon to Expand UK R&D Presence

Amazon will open a new research-and-development center in Cambridge, England, this autumn. The facility will have room for more than 400 machine learning scientists, knowledge engineers, data scientists, mathematical modelers, speech scientists and software engineers working on Amazon devices. Upon the new site’s opening, Amazon’s existing Castle Hill facility will be used primarily for research and development for Prime Air, a delivery system designed to deliver parcels to customers in 30 minutes or less using aerial drones.

India’s Ride-Hailing Firm Ola Gets $104 Million Funding Boost

India-based on-demand transportation firm Ola has received $104 million from two venture capital firms—Falcon Edge Capital and Ratan Tata-backed company RNT Capital Advisers. The new funding was received in November 2016, and discovered through regulatory filings. Ola is locked in a battle with Uber for control of the ride-hailing market in India.

Russia Blocks Four Messenger Services

Russia’s telecom regulator has blocked countrywide web and mobile access to four messaging services—BlackBerry Messenger, Line, and Vchat—according to a report by Telecompaper citing Russia-based business publication Vedomosti. The move is the latest in an ongoing series of measures taken in the past year to either “protect private citizens’ data” by requiring data about users in Russia to be stored locally or to help tamp down on political dissent, depending on whom you ask.

UK’s Sharing Economy Tax Break Abandoned

A £1,000 ($1,350) a year “tax break for the digital age” designed to benefit UK “micro-entrepreneurs” profiting from sales and revenues derived from activity on sites like eBay and Etsy, and sharing economy services like Airbnb, has been dropped from the UK government’s 2017 budget, according to The Telegraph. Announced in March 2016 but not included in the final finance bill passed last month in advance of the UK Parliament’s election-related dissolution, the pledge could be revived if the Conservatives maintain government control on June 8.

Cliff Annicelli, Rahul Chadha and Rimma Kats

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