Connected Economy

Connected Economy
ByteDance Chasing WeChat in the Super-App Race With Douyin
June 14, 2023

ByteDance, the parent company of popular social media app TikTok, is on a mission to become China’s next “everything app” to rival the success of WeChat by Tencent.  With most of its $80 billion annual revenue coming from social media ad revenue, ByteDance has been testing its Douyin app,...

Connected Economy
Gen Z’s Digital Shift Gives Rise to Self-Service College Dining
June 14, 2023

With the rise in digital ordering and other convenience-focused technologies in recent years, college students increasingly expect to be able to eat what they want, when they want it. In an interview with PYMNTS, Paul Kowalczyk, the head of Elior North America’s Education segment, which...

Connected Economy
Finding The Digital Economy’s Product Market FIT
June 12, 2023

I was recently asked for my advice on a new B2B network aimed at solving a big problem for a segment of small business sellers. The network was built on the blockchain; the design was very clever, well-developed and thoughtful. The consensus from those asking...

Connected Economy
CE 100 Stock Index Up 0.9% as Vroom and eCommerce’s Temu Parent Firm Gain Ground
June 12, 2023

The third quarter winds its way into the last few weeks of its final month.   And in the latest weekly showing, the CE 100 Index gained 0.92%, buoyed by the Shopping segment, which gathered 4.2%. The shopping-related names lead all verticals on a trailing-12-month basis,...

Connected Economy
TikTok’s D’Amelios Launch Influencer-Focused Management Firm
June 11, 2023

TikTok celebrity family the D’Amelios are launching a management company aimed at fellow influencers. The family is working with management firm Firebird, which has set aside $20 million for the D’Amelios and other online musicians, The Wall Street Journal (WSJ) reported Friday (June 9), citing sources familiar with...

Connected Economy
Connected Economy Infrastructure Gets $6.7 Billion Boost from US Treasury
June 08, 2023

You need to be in it to win it. And as the connected economy continues to transform how businesses and consumers go about their daily lives, the access to and availability of digital tools and services has never been more important. Particularly as it relates to vital services like...

Connected Economy
Getaround CEO Says AI Helps Platforms Monetize Idle Autos
June 08, 2023

After we shell out $30,000 or $40,000 for a car, it becomes all too easy to forget that our vehicles are often sitting idle for the majority of the day. “We own too many cars. We park them 22 to 23 hours a day, so...

Connected Economy
Record 28% of Consumers Look for Love on Dating Apps in Early 2023
June 07, 2023

Spring and summer are prime dating seasons, and like other human behaviors, the pandemic has increased consumer reliance on digital tools to find that special someone, at least for those who have the will and patience for the well-known frustrations with online dating. Looking into...

Connected Economy
As EU Decision Looms, Amazon’s iRobot Bid Spotlights Smart Home’s Evolution
June 07, 2023

There’s less than a month to go before EU antitrust regulators give a thumbs up or down on Amazon’s  bid to buy iRobot Corp. As reported in recent days by Bloomberg and other sites, the European Commission will weigh in on the deal by July...