[CONFIDENTIEL] Lyft, Alibaba, PayPal & Amazon, Instagram …
If 2017 never ceases to be a torment for Uber, its rival Lyft, on the other hand, continues to climb in the United States. According to The Information, the VTC platform generated $ 483 million in revenue in the first half of 2017, compared to around $ 150 million over the same period last year. Year on year, Lyft has tripled its turnover. During the first six months of the year, the American company also managed to reduce its losses. These went from $ 283 million to $ 206 million. In 2016, Lyft was losing $ 4 per race. Now, the company run by Logan Green is losing $ 1.20 on each trip. This year, the company passed the 500 million races mark. Uber’s rival says its service is now available to 95% of the US population, up from 54% at the start of the year. In October, Alphabet injected $ 1 billion into Lyft.
These good figures contrast completely with those of Uber which continue to sink into the red. In the third quarter, Uber lost $ 1.46 billion, against $ 1.06 billion in the previous quarter, an increase of 38% in the space of three months. At the same time, revenue increased 21% to $ 2.01 billion from $ 1.66 billion in the second quarter. In addition, the platform launched by Travis Kalanick must face an avalanche of scandals. In November, Uber notably revealed the existence of a mass hack, which occurred a year ago, which affected 50 million customers and 7 million Uber drivers. The VTC platform would have paid 100,000 dollars to hackers so that they do not disclose the existence of this attack and destroy the information collected.
At the same time, Uber is still engaged in a legal standoff with Waymo, who accuses him of stealing his intellectual property. Scheduled to open on December 4, the trial between the two parties was finally postponed due to a new element added to the file. No new date has yet been set. According to US media, the new item in question is a letter written by a former Uber employee, Richard Jacobs, in which he claims that the VTC platform had a system in place to spy on its competitors and regulators.
A few weeks ago, Alibaba announced an ambitious project, that of founding 7 research laboratories, by investing $ 15 million in R&D. This “DAMO Academy” will have one of these laboratories in Tel Aviv. The objective is to reflect on different fields such as the Internet of Things, quantum computing, fintech and human-machine interactions. With this project, Alibaba aims to serve 2 billion people within 10 years.
It is with this in mind that the Chinese giant has just signed a buyout agreement with the Israeli start-up Visualead. The amount was not disclosed, as was the official date of the acquisition.
Founded in March 2012 by Nevo Alva and Itamar Friedman, Visualead develops a technology transforming images, logos or even animations into QR codes. The aim is to help companies develop interactions with their consumers. These solutions are used in different areas: product packaging, the fight against fraud and even mobile payments. The company claims 500,000 customers in more than 200 countries.
In January 2015, Alibaba participated in Visualead’s Series B fundraiser. The amount of the investment had not been communicated.
Using technology companies to benefit from financial services is an idea that appeals to customers of traditional banks. This is what emerges from a study carried out by Bain & Company with more than 133,000 bank customers in 22 countries, including more than 10,000 in France. “Half of respondents say they are ready to purchase a financial services product from an established tech company», Indicates the consulting firm in strategy and management.
In the US and UK, consumers trust banks almost as much as they trust PayPal and Amazon to trust their money. Apple, Google and Microsoft are a little further behind. In contrast, Facebook and Snapchat inspire very little trust among US and UK consumers. In addition, while FinTech continues to flourish over the months all over the world, these start-ups which want to reinvent financial services still have a long way to go to attract customers of traditional banks. Thus, less than one in two consumers worldwide say they are tempted to try a financial product or service offered by a FinTech.
For its part, France is the country most reluctant to the arrival of digital players in financial services. In France, barely one in three customers is ready to try a financial product or service with a technology company. Worse yet, one in five customers plan to give it a try in the next twelve months.
Yesterday, Instagram proudly announced that it had exceeded 25 million company accounts created. They were only 15 million to be registered last July. Today on the platform, more than 80% of accounts follow a brand and 200 million users visit their site every day.
These companies have a particular profile, a business profile, launched a year and a half ago. They can thus have access to various additional features such as performance analyzes on publications. According to Instagram, half of these accounts are not affiliated with an external site. Most companies therefore use the social network as a showcase for their offers.
Certainly a wise choice when Instagram claimed last September 800 million monthly active users of which 500 million are active daily. The number of advertisers on the platform reaches 2 million.