How Zoom Won 2020 by Meeting a Surge of Demand


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December 2020

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It was a Monday morning in mid-March. Schools in California had just gone remote, and Eric Yuan’s daughter was settling in for the first day of her new routine. Then she turned to him and, like kids were doing with their parents everywhere, asked him for help using Zoom.

“She’d never asked me a question about Zoom!” says Yuan. Nor had he ever expected her to, even though he is the company’s founder and CEO. “When we created Zoom, the goal was to serve enterprise and business customers. I never thought about my kid having to use Zoom.”

That’s when Yuan knew his world was about to change. This tool he built, which was once reserved for corporate communications, was becoming a defining part of everyday life. His task was no

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EMERGING MARKETS-Asian stocks surge on upbeat China data, further vaccine optimism

    * Graphic: World FX rates tmsnrt.rs/2egbfVh
    * Graphic: Foreign flows into Asian stocks tmsnrt.rs/3lKhL5I
    * Malaysia stocks set for best day since Nov. 10
    * Thai shares jump more than 1%

    By Shashwat Awasthi
    Dec 1 (Reuters) - Emerging Asian equities rallied on Tuesday
on the back of upbeat Chinese data and positive vaccine news,
recovering from a bout of profit-taking in the previous trading
session.
    Data on Tuesday showed China's factory activity accelerated
at the fastest pace in a decade in November, helping factories
across the region to steadily recover from the COVID-19 crisis.

    Malaysia led gains, with shares in Kuala Lampur on
track for their best day in three weeks, while those in the
Philippines and South Korea advanced more than 1%
each.
    Regional stock markets had a stellar run in November, as the
outcome of the U.S. election and progress on a coronavirus
vaccine prompted investors to 
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Juniper Research: Mobile Money Users in Emerging Markets to Exceed 1.2 Billion Globally by 2025, as P2P and Merchant Payments Surge – Press Release

BASINGSTOKE, England–(Business Wire)–A new study from Juniper Research has found that the total number of mobile money users in emerging markets will exceed 1.2 billion in 2025, up from 980 million in 2020; equating to just under 30% of all mobile phone users across emerging markets.

The report predicts that domestic P2P and payments to merchants will be increasingly popular in mobile money schemes and will drive growth. The research recommends that mobile money providers agree partnerships with banks and other financial institutions, so as to increase the sophistication of the products they offer, in order to take advantage of increasing financial and technological literacy.

For more insights, download the free whitepaper: Mobile Money – Unlocking Emerging Market Opportunities.

Payments-as-a-Platform – Driving Future Opportunities

The new research, Mobile Money in Emerging Markets: SWOT Analysis, Vendor Strategies & Market Forecasts 2020-2025, identified that the payments-as-a-platform model, where mobile money payments act

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Elite runners brave Delhi race despite COVID-19 surge, pollution concerns



Muktar Edris et al. playing football in a parking lot: Airtel Delhi Half Marathon in New Delhi, India


© Reuters/ANUSHREE FADNAVIS
Airtel Delhi Half Marathon in New Delhi, India

By Anushree Fadnavis and Manoj Kumar

NEW DELHI (Reuters) – Some of the world’s leading long-distance runners participated in a half-marathon in New Delhi on Sunday, even as India’s capital grapples with a surge in COVID-19 cases and air pollution that has recently been among the world’s worst.



a group of people riding on the back of a motorcycle: Airtel Delhi Half Marathon in New Delhi, India


© Reuters/ANUSHREE FADNAVIS
Airtel Delhi Half Marathon in New Delhi, India

More than 60 professional runners participated in the race, while several hundred enthusiasts ran in other cities on routes of their choice, using a mobile app to post race timings, said the event organisers.

Although air quality was poor on Sunday, the runners got a bit of a reprieve, as pollution levels in the capital were dramatically better than those of recent weeks.

New Delhi’s Air Quality Index was at 252 on a scale of 500, registering at “poor” levels,

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After market’s November surge, there may be less of a chance for a big ‘Santa rally’

Traders work the floor of the New York Stock Exchange.

NYSE

November’s strong rally may have stolen some of the thunder from a year-end rally.

Promising vaccine news spurred a major rotation in November into cyclical stocks, like industrials and financials – the stocks that will do well in an economic recovery.

The S&P 500 is up more than 11% for the month so far.

“If it’s up more than 10%, it will only be the third time since World War II that November has been up that much,” said Sam Stovall, chief investment strategist at CFRA. “Such a strong November has a tendency to steal from Santa.”

But he said he still expects the market to be higher than its current level at year end even if there is a small so-called Santa Claus rally, and there should be a gain for December. On average, the S&P 500 has

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Xiaomi’s profit jumps 19% in Q3 as smartphone shipments surge

Adds details and background

SHENZHEN, China, Nov 24 (Reuters)Xiaomi Corp 1810.HK reported a 19% jump in third quarter net profit on Tuesday, beating estimates, as the Chinese smartphone maker’s smartphone shipments over the quarter surged by 45.3% on a year earlier.

Smartphone revenue grew to 47.6 billion yuan, an increase of 47.5% in the same period, it said in a statement. Overall quarterly revenue rose to 72.1 billion yuan, up from 53.7 billion yuan.

Analysts had on average forecasted that Xiaomi would report quarterly net profit of around 3.28 billion yuan, according to Refinitiv data.

Xiaomi has grabbed market share from in China and Europe as its rival Huawei Technologies HWT.UL has struggled with U.S. sanctions that have disrupted its supply chain.

The company anticipates it will continue to gain market share after the last round of U.S. sanctions against the latter disrupted its supply chains in

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Best Buy Q3 online sales surge, stock falls on lack of forecast

  • Best Buy posted $11.85 billion in third-quarter revenue on Tuesday, beating analyst expectations. 
  • Online orders continued to surge, making up more than a third of all sales, amid another rise in coronavirus cases. 
  • Despite the results, Best Buy’s stock sank as much as 5% after executives declined to give a forecast for the fourth quarter.
  • Visit Business Insider’s homepage for more stories.

Best Buy posted booming sales Tuesday, including online orders almost tripling, as demand for home electronics and entertainment products continues to soar during the pandemic. Yet anxiety about a fourth-quarter slowdown and lack of future guidance caused the retailer’s stock to fall more than 6%. 

The electronics retailer reported $11.85 billion in total revenue for the quarter to October 31 — up 21.4% on the same time last year, which the company noted was better that expected. Analysts had expected revenues of about $11.0 billion. 

The rising revenue

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Xiaomi’s profit jumps as smartphone shipments surge

SHENZHEN/SHANGHAI (Reuters) – Xiaomi Corp on Tuesday reported a 19% jump in third-quarter net profit, beating estimates, as the Chinese smartphone maker’s shipments over the quarter surged by 45.3% on a year earlier.

FILE PHOTO: People wearing protective face masks visit Xiaomi brand’s store, amid the outbreak of the coronavirus disease (COVID-19) in Kyiv, Ukraine October 22, 2020. REUTERS/Valentyn Ogirenko

Xiaomi has grabbed market share in China and Europe as its rival Huawei Technologies has faced U.S. sanctions that have hit its supply chain.

The company expects it will continue to gain market share after the latest round of U.S. sanctions against Huawei disrupted its supply chains in August..

Xiang Wang, Xiaomi’s president, when asked whether Huawei’s problems had helped Xiaomi, said that the company was “paying attention to what is happening into the market,” but was continuing with its own strategy.

Xiaomi’s smartphone revenue rose to 47.6 billion yuan,

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Surge in Greenhouse Gases Sustained Despite COVID Lockdowns: U.N. | World News

GENEVA (Reuters) – Greenhouse gas concentrations climbed to a new record in 2019 and rose again this year despite an expected drop in emissions due to COVID-19 lockdowns, the World Meteorological Organization said on Monday, warning against complacency.

Many scientists expect the biggest annual fall in carbon emissions in generations this year as measures to contain coronavirus have grounded planes, docked ships and kept commuters at home.

However, the WMO described the projected 2020 drop as a “tiny blip” and said the resulting impact on the carbon dioxide concentrations that contribute to global warming would be no bigger than normal annual fluctuations.

“…In the short-term the impact of the COVID-19 confinements cannot be distinguished from natural variability,” the WMO’s Greenhouse Gas Bulletin said.

The annual report released by the Geneva-based U.N. agency measures the atmospheric concentration of the gases – carbon dioxide, methane and nitrous oxide – that are warming

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Surge in greenhouse gases sustained despite Covid-19 lockdowns, U.N. says

GENEVA — Greenhouse gas concentrations climbed to a new record in 2019 and rose again this year despite an expected drop in emissions due to Covid-19 lockdowns, the World Meteorological Organization (WMO) said on Monday, warning against complacency.

Many scientists expect the biggest annual fall in carbon emissions in generations this year as measures to contain coronavirus have grounded planes, docked ships and kept commuters at home.

However, the WMO described the projected 2020 drop as a “tiny blip” and said the resulting impact on the carbon dioxide concentrations that contribute to global warming would be no bigger than normal annual fluctuations.

“…In the short-term the impact of the Covid-19 confinements cannot be distinguished from natural variability,” the WMO’s Greenhouse Gas Bulletin said.

The annual report released by the Geneva-based U.N. agency measures the atmospheric concentration of the gases — carbon dioxide, methane and nitrous oxide — that are warming

Read More