Hints and tips:
...But Square no longer has first-mover advantage. Payment processing has become a commodity....
...On an investor call in October, Coca-Cola chief executive James Quincey pointed out that Gen Z consumers, born between roughly 1997 and 2012, spend seven to nine hours a day on a screen but “very little...
...“If I had made that mistake at X, Y, Z, I would have been pummelled, but at Capital Group, someone put an arm around me and said ‘Let’s work out how we do better next time’.’’...
...Having a fast-ageing population, reluctant to embrace e-payments, has not helped. But change is afoot....
...Allbirds, founded in 2015, raised $100m in a Series E funding round in September last year, valuing it at $1bn....
...A version of this article was first published by Nikkei Asia on August 6 2021. ©2021 Nikkei Inc....
...The latter division has already witnessed a clampdown on its supersized money market fund, Yu’E Bao, in 2017....
...“There’s no first-mover advantage any more,” he said....
...Fair enough too: there is probably not much first-mover advantage in the CBDC world, since whoever goes first will inevitably make errors that others can learn from....
...Many have come in search of fashionable face masks, a category in which Etsy was a shrewd early mover....
...Clearly there is,” said Peter Alexander, managing director at Z-Ben, a Shanghai-based consultancy, of Ant’s arrangement with the fund managers....
...“Managers including Penghua, E Fund, China Universal and a host of others have raised billions in a matter of hours for new equity launches, heavily supported by the move out of money market funds....
...On the high-end, where the Model S and X used to rule the roost, we’ve had the Audi e-Tron and Porsche Taycan; on the affordable end, there’s the Renault Zoe, the Skoda Citigo-e and the Kia e-Niro to compete...
...US approval of IQOS creates a first-mover advantage. A relaxation of health warnings will be harder to secure. But if regulators were so minded, it would deliver another hit....
...Assets held in Yu’e Bao reached a peak of about $250bn in 2018, illustrating the power of Ant’s technology to drive investor inflows....
...Bird and Lime have also seized a first-mover advantage by winning operating permits in several cities, effectively locking Uber out of those markets for months at a time....
...“These products’ biggest customers are millennials and Gen Z. Younger folks adopt tech products much faster,” she said....
...Mr Lilien was once chief operating officer of E* Trade, the US retail brokerage....
Like Delivery Hero, HelloFresh would benefit from someone else going first
...“Crossing the gap from early movers to early mass market is hardest. It’s too early to remove the incentives.”...
...Rewards for companies with first-mover advantage could be considerable....
...“All major impediments to MSCI A-share inclusion have now been removed and this could bring the decision [to include them in the MSCI EM index] forward from 2017 to 2016,” said Neil Flynn, analyst at Z-Ben...
...While a pricing range has not yet been set, Square’s series E fundraising was completed in 2014 at a price of $15.46 per share, implying a valuation of around $6bn....
...Chris Powers, an analyst at Z-Ben Advisors, the Shanghai-based consultancy, said: “We have had several clients ask us about [teaming up with Chinese internet groups]....
...It has already signed up Discovery Communications, A+E Networks, Vivendi’s Universal Music and Warner Music Group....
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