Published By : 12 Jun 2017 | Published By : QYRESEARCH
DST Global, a world giant in private equity, estimated a significant surge in the consumer expenditure online across the world. Boosted by this rise, nearly US$4 trillion worth of novel Internet services providers will crop up by the mid of the next decade, stated Yuri Milner, the billionaire investor and the founder of DST Global, on Friday, June 09, 2017.
The venture capitalist, which is an early investor in a number of Internet firms, including Twitter, Facebook, and Alibaba, expects that the online proportion of the worldwide consumer expenditure will increase from a 6% now to 15% by the end of 2025. The Rest of the World will be at par with the current online expenditure trend of China in eight years’ time. One is only required to make some comparatively conservative assumptions to put a significant number on the table, Milner further added at the D.Live Asia technology conference, proceeding in Hong Kong.
DST Global Expects Rebound in Xiaomi’s Sales
In China, along with the private equity firms, Singapore sovereign wealth fund GIC and All-Stars Investment Ltd., DST Global has invested in Xiaomi. With the expanding sales at Xiaomi’s branded stores, the investor expects the smartphone maker to rebound after the two years of slowdown. After its last round of fundraising, Xiaomi surfaced as the most valuable startup in the world in 2014. Since then, it has been witnessing a downfall in its product sales due to the increasing competition from the likes of Oppo, Vivo, and Huawei.