News digest 31.05.2021

TWITTER HAS STARTED TESTING A PAID SUBSCRIPTION WITH ADVANCED FEATURES

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Twitter has started testing the paid version of Twitter Blue ― you can change the standard blue color of the app, as well as cancel tweets sending.

AMAZON IS NOW LETTING INDIANS READ MAGAZINE ARTICLES IN ITS SHOPPING APP

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The US e-commerce giant has quietly launched "Featured Articles" on its shopping app and website in India — one of the retailer's most promising areas of business.
Some of these articles are available "exclusively" on Amazon. This way, the company aims to further increase the loyalty of the Indian audience.

INSTAGRAM ADDS NEW 'DROPS' PRODUCT SHOWCASE

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‘Drops’ are a new trend in e-commerce, which allows sellers to create demand for new exclusive products a few days before they go on sale anywhere else.
In the new section, users will be able to buy drops directly on Instagram, without going to other websites.

TIKTOK SHOPPING JUMPS 553% OVER LAST YEAR

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To increase the number of purchases in the social network, people use the hashtag #TikTokMadeMeBuyIt .
TikTok’s growth rate is almost three times higher than Instagram's (189%) and Facebook's (160%) over the same period.

US SPENDING ON MOBILE GAMES REACHES 28% MARKET SHARE

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The numbers were driven by pandemic-related lockdowns. By comparison, Japan reached a share of 22% and China had a share of 18% following a four-year reduction in their market shares.
By 2023, the mobile gaming market is expected to reach $117 billion spent by players on the App Store and Google Play.

STREAMING APP REVENUES UP 48% OVER 2020

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Due to the pandemic, the number of streaming apps installations in the US jumped to 81 million in the first quarter of 2021. The Top 30 apps saw installs rise 13% from the first quarter of 2020.
Revenue from leading apps reached $605 million in the first quarter of 2021. Most of the revenue came from the AppStore.

MOBILE APP INSTALLATIONS JUMPED 31% IN THE FIRST QUARTER OF 2021

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Fintech applications showed the highest growth rate of installations in 2020 — 51%. The same trend is observed in 2021 — the number of downloads increased by 12%.
The number of installations of e-commerce applications in 2020 increased by only 6%. But the amount of sessions in them also increased by 44%.

MALAYSIA’S BIG DATA MARKET TO GROW TO $1.9 BILLION BY 2025

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The service sector will account for 64% of the total big data market.
Companies investing in this sector will expand their presence in Malaysia as a regional base to $1.9 billion by 2025.

INDONESIA'S ANTITRUST AGENCY LOOKING INTO GOTO MERGER FOR 'MONOPOLISTIC PRACTICES'

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The merger of the two companies into GoToGroup has become the largest ever business combination in Indonesia. The ecosystem accounts for 2% of the country's GDP, and the total gross value of its transactions is more than $22 billion.
It is reported that neither Gojek nor Tokopedia notified the antitrust agency about the merger.

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