1085 days ago
Following the first release of the iPad in 2010, sales took off with a peak of 230 million units in 2014. The larger smartphones started to make users doubt the use of a dedicated tablet and units sold fell from 230 million to 144 million last in 2019. Today, tablet demand soared to its highest level since 2017, as people adapted to working, teaching and studying from home.
1086 days ago
Dating apps like Match Group showed some resilience during the pandemic even as government-mandated lockdowns and other restrictions limited the ability for people to meet and date each other in person. Tinder, which accounts for more than half of Match Group's revenue, generated nearly $1.4 billion in revenue in 2020, up 18% over the previous year, by selling subscriptions and paid user features on its platform.
1086 days ago
The Alibaba group is still ahead of all competition, with Taobao and Tmall in first and second position. The third position is held by JD.com.
1087 days ago
The largest ride-hailing and food delivery solution of Southeast Asia will announce its merger with US-based special purpose acquisition company Altimeter that will value Grab at $40 billion for public listing, said Reuters. The merger will be the biggest blank check company merger ever. The company leveraged its influence and is also now pushing insurance and lending services.
1087 days ago
Venture capital investment in fast delivery apps is already above the 2020 level for 2021. The global deal value barely reached $6 billion in 2020, and we are above $8 billion so far for 2021. The failure of the Deliveroo IPO does not seem to be representative of the state of the industry.
