Galaksion blog News digest 11.05.2020
Mon May 11,2020
News digest 11.05.2020

The latest news update is ready!

These days every week introduces to the world a lot of changes in retail and digital sphere. Galaksion team monitors the news thoroughly to collect the most relevant updates and keep our readers informed.

AppsFlyer announced the coronavirus impact on app installs

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In-app revenue rise continues as usage remains high and installs drop. Clearly, the economic downturn has yet to affect in-app spending. However, installs have seen a slight decline in recent weeks, after increased demand and aggressive user acquisition (UA) peaked in early April.

Gaming monetization reaches new heights. Seeking entertainment and with more time on their hands, players are highly active. In fact, revenue in Gaming apps has increased by 37% since week 4, with a further 16% jump this week alone.

Shopping activity sees consistent increases in every metric.Video streaming surged along with user thirst for entertainment. Health & Fitness, Education, Food Delivery, Music and Social enjoy significant revenue uplifts.

Great Singapore Sale gets canned for the first time in 26 years due to COVID-19

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GSS is an annual sales event that is typically held between June to August. This year marks as the first time the event will not be held in the past 26 years.

According to the Singapore Retailers Association (SRA), GSS will return next year to offer local and tourist shoppers the 'Great Singapore Experience' both offline and online.

The move comes amidst declining growth in the local retail scene. According to the Department of Statistics, retail sales dropped 13.3% last month compared with the same month in 2019. 

The list of participants of the sale usually include such companies as Lazada, Amazon and AliExpress. 

Amazon VP’s Tim Bray resigns over Amazon firing employees

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Tim Bray, a VP and distinguished engineer at Amazon Web Services (AWS), has quit his $1m-plus a year role at the cloud giant over Amazon firing a group of employees who publicly protested conditions at Amazon warehouses during the coronavirus COVID-19 pandemic.

Amazon was in the headlines in January for allegedly threatening to fire climate activists working at the company. Then in April Amazon had fired several employees who had called for safer working conditions and more protections while working at its warehouses.    

Bray joined AWS at the end of 2014, following a four-year stint at Google as its Android developer advocate. As he stated in an open letter, "Remaining an Amazon VP would have meant, in effect, signing off on actions I despised. So I resigned."

Telegram won’t let American TON investors get 110% refund in 2021 — instead they will be refunded with 72% now. 

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Telegram has been struggling to sort out regulatory issues with the U.S. Securities and Exchange Commission (SEC) to launch the TON network and its native Gram (GRM) token since October 2019.

In March, Telegram was prohibited from delivering Gram tokens to investors, at least until trial. Telegram CEO Pavel Durov subsequently offered a refund plan on April 30, apparently accepting the court ruling. On April 30 Telegram proposed two options to the investors — an immediate 72% refund, or 110% in 12 months.

In the new letter, Telegram reportedly said that American TON investors will not be able stay in the TON project for another 12 months due to the compliance risks

Other investors could still confirm their participation in the project providing proof that they are not residents of the U.S. 

The Walt Disney Company takes $1.4 billion coronavirus hit

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Walt Disney Co (DIS.N) estimated on Tuesday that global measures to contain the coronavirus pandemic cut profits by $1.4 billion, mostly from its shuttered theme parks

 Just three months ago, Disney was boasting about a record year for its movie studio and a strong start to the company’s dive into the streaming media wars. By mid-March, all of the company’s theme parks were closed, movie theaters went dark, and television and film production were put on hold. Plus, Disney’s ESPN sports network was left with no major live sports to broadcast.

Disney is expected to take a larger hit in the current quarter, which ends in June. The company said it does not intend to provide financial guidance for the rest of the year.

Google is releasing May 2020 Core Update 

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 Google announced it is rolling out a new core update, the May 2020 core update, Monday. This is the second core update of the 2020 year, the first one was the January 2020 core update.

According to company’s officials, the roll out has begun. It can take “about one to two weeks to fully roll out”

Google has given advice on what to consider if you are negatively impacted by a core update in the past. There aren’t specific actions to take to recover, and in fact, a negative rankings impact may not signal anything is wrong with your pages.

Shopee Malaysia starts selling Covid-19 test kits

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Malaysian online medical service DoctorOnCall has entered into a partnership with Shopee Malaysia to sell Covid-19 tests online. The tests will be available for purchase at Shopee’s DoctorOnCall store, where customers will also be able to buy vouchers for home-delivered medication.

In the coming months, Shopee will work with DoctorOnCall to extend usage of the vouchers to book online consultations.The partners will inaugurate the service with a health education and awareness series

“DoctorOnCall’s decision to expand its digital reach and offer more Malaysians the accessibility to healthcare services especially during this difficult time is commendable,” said Shopee’s regional MD Ian Ho.