Just back from China (mainly Hangzhou, near Shanghai) after a 5 year gap. A few thoughts...
1. EVs are huge🚗40% of chinese vehicles are electric. EVs have a faded green licence plates (vs the normal blue) so you can play spot the EV as you drive around and 40% doesn’t shock me
3. Payments are alien👽 Very few places take Visa/Mastercard. Mobile payments via Alipay/Wechat Pay dominate
We got by using cash but I wouldn’t be surprised if this is not possible in 5 years. I didn’t see any evidence of the digital yuan this time but expect that to change too
Update on the cannibalisation of SEO https://t.co/ab3o0efNsX
Have noticed lately @Google seems to be removing organic results from branded searches.
First search on the left returned only the brand ad. Repeat search on the right returned the organic result also.
New essay on marketing analytics startups and why they tend not to work:
-misunderstanding the job-to-be-done
-the marketing analytics death spiral
-why marketing automation is better
https://t.co/5keOh3kbYI
🎉I'm thrilled to announce that @wearetrouva is no.1 in this years #StartUps 100 index. Congrats to the whole Trouva team & our amazing community of independents for your hard work throughout COVID-19. #Startups100#independentretail https://t.co/co8uIyjMoW
Hierarchy of Marketplaces by @sarahtavel
MVP Happiness: a good enough experience
=>
Happiness Loops: surfacing pockets of best experience to fuel growth
=>
Dominance: a significantly better experience than competition
https://t.co/mbyzoWYREd
Interesting overview of retention benchmarks across industries by @onecaseman and @lennysan
https://t.co/mcpZe4WRl9
Key: 'Good' retention dependent on CAC and user monetization
Bonus: Cross-side dynamics influence what's 'good' in marketplaces
We promise once all this is over, however long it takes, we'll be back.
We will walk, jog, run & volunteer together again 🤗
Thanks in no small part to the ongoing financial support of our partners, we will return ❤️
🔄 Please retweet to show your appreciation
🌳 #loveparkrun
Very excited to announce that @wearetrouva has raised £17m in further investment. Here's to creating a world where beautiful offline inventory is easily to all! Read all about it in @TechCrunch#wearetrouva#funding#futureofretail https://t.co/dFiQvj1KFr
Interesting breakdown of the impact of growth vs retention
Main insight being retention efforts drive more impact in high retention businesses
https://t.co/goOWkvPO5c