<p>INTERNET TRENDS 2018
Mary Meeker
May 30 @ Code 2018
kleinerperkins.com/InternetTrends
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Thanks
Kleiner Perkins Partners
Ansel Parikh & Michael Brogan helped steer ideas and did a lot of heavy lifting. Other
contributors include: Daegwon Chae, Mood Rowghani, Eric Feng (E-Commerce) & Noah
Knauf (Healthcare). In addition, Bing Gordon, Ted Schlein, Ilya Fushman, Mamoon Hamid,
Juliet deBaubigny, John Doerr, Bucky Moore, Josh Coyne, Lucas Swisher, Everett Randle &
Amanda Duckworth were more than on call with help.
Hillhouse Capital
Liang Wu & colleagues' contribution of the China section provides an overview of the world's
largest market of Internet users.
Participants in Evolution of Internet Connectivity
From creators to consumers who keep us on our toes 24x7 + the people who directly help us
prepare the report. And, Kara & team, thanks for continuing to do what you do so well.
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Context
We use data to tell stories of business-related trends we focus on. We hope others take the ideas, build on
them & make them better.
At 3.6B, the number of Internet users has surpassed half the world's population. When markets reach
mainstream, new growth gets harder to find - evinced by 0% new smartphone unit shipment growth in
2017.
Internet usage growth is solid while many believe it's higher than it should be. Reality is the dynamics of
global innovation & competition are driving product improvements, which, in turn, are driving usage &
monetization. Many usability improvements are based on data - collected during the taps / clicks /
movements of mobile device users. This creates a privacy paradox...
Internet Companies continue to make low-priced services better, in part, from user data. Internet Users
continue to increase time spent on Internet services based on perceived value. Regulators want to ensure
user data is not used 'improperly.'
Scrutiny is rising on all sides - users / businesses / regulators. Technology-driven trends are changing so
rapidly that it's rare when one side fully understands the other..