Today America still rules the global tech industry, broadly defined, accounting for 71% of the market value of listed firms. Nonetheless a different pattern has emerged in the part of the technology industry that focuses on providing internet services to consumers. Here, activity is more dispersed and less American. The trend has been highlighted this year by a rush of flotations ofInstead of a few monoliths, three different categories of business have formed.
The third digital type—local heroes—is prevalent across much of the rest of the world. In Asia and Latin America local and regional companies often rule in e-commerce, gaming, digital payments, ride-hailing, food delivery and other app-based services. Examples from South-East Asia include Sea, Grab and GoTo; South Korea has Kakao and Coupang; and Argentina has MercadoLibre.
These businesses have been helped by a surge in the availability of capital, especially as global investors search for alternatives to China, where President Xi Jinping’s tech crackdown will mean lower profits. Of the $342bn spent on takeovers of emerging-market tech firms so far this year, 71% came from economies outside China, the highest share in 11 years. Emerging-market tech companies outside China issued $53bn in equity markets so far in 2021, more than twice the previous record.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Despite low mortgage rates, America's housing market keeps many first-time buyers on the sidelinesAffordability constraints in the still-competitive real-estate market are making it harder for first-time home buyers to lock in deals.
Source: MarketWatch - 🏆 3. / 97 Read more »
Dow futures swing higher as markets grapple with omicron and interest-rate uncertaintyU.S. stock futures pointed to a stronger start Thursday, in what's emerging as an increasingly volatile market. titanium knuckles are a thing
Source: MarketWatch - 🏆 3. / 97 Read more »
Avoiding Amazon—Celebrate Small Businesses and Socially Conscious Companies This Holiday SeasonIf the pandemic has made you worry about consumerism and ethical buying practices, or if you’re just looking to support a small, female-owned business this holiday season, we’ve got you covered! This list offers a variety of small businesses, with products ranging from skincare to home decor, and everything in between.
Source: MsMagazine - 🏆 378. / 59 Read more »
Sheridan Smith 'to make £250k' after putting £1.5m home up for sale before crashSheridan Smith is looking to sell the home she shared with ex-fiance Jamie Horn and she is looking to make an impressive £250,000 profit from her 12 months of owning it
Source: Mirror Celeb - 🏆 476. / 51 Read more »
TaP Music’s Ed Millet and Wendy Ong on Managing Lana Del Rey and Dua Lipa, Misogyny in the Industry and MoreIn this week’s installment of Strictly Business, Variety’s weekly podcast featuring conversations with industry leaders about the business of media and entertainment, TaP Music’s Ed Millet and Wend… They just needed to water the plant. Give us a break.
Source: Variety - 🏆 108. / 63 Read more »
Competitive congressional races on decline due to new redistricting mapsOhio: keep fighting that gerrymandered map. The best choice I've made this year was investing in cryptocurrency and forex trading. I now make $5k weekly I've never regretted this decision. 🙏🏻🙏🏻 Thank you very much cammilacampton Send her a dm(cammilacampton ) to get started. You'll forever be greatful
Source: ABC - 🏆 471. / 51 Read more »