- Kleiner Perkins Caulfield & Byers partner Mary Meeker released her internet trends report today, and the slides include some positive news for Amazon (NASDAQ:AMZN) and the broader tech sector.
- The installed base for the Amazon Echo grew from 20M in Q3 to 30M in Q4.
- Amazon took a 28% share of e-commerce sales in the US last year, which were up 16% in 2017 from a 14% growth in 2016.
- Tech companies accounted for 25% of US market capitalization in April.
- China is home to nine of the world’s 20 largest internet companies (by market cap) compared to the 11 for the US. Five years ago, the US had nine and China had two.
- See all of the trends report slides at Recode.
- Amazon shares are up 0.7% to $1,623.43.
- Chinese Internet Information Providers that have been on the move today: Bitauto Holdings (BITA +10.5%), Bilibili (BILI +9.9%), iQiyi (IQ +9.3%), YY (YY +7.6%), and Autohome (ATHM +6.2%).
- Now read: Bilibili: Mixed Results
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