I consider digital platforms the super predators of the business world. They are like that Indominus Rex dinosaur in the movie Jurassic World that is part T-Rex and part velociraptor (photo here). And when it breaks free (which always happens in those movies), it runs around eating everything on the island. Because it is the […]
Digital economics is a new field of study that examines the economic implications of digital technologies. Network effects, economies of scale, and data-driven insights are some of the key concepts in digital economics. Businesses and policymakers need to understand these concepts in order to succeed in the digital age.
Jeffrey Towson discusses what Ofo could have done to avoid its downfall. He argues that Ofo made a number of strategic mistakes, including burning through too much cash, expanding too quickly, and failing to innovate. Towson believes that if Ofo had taken a more conservative approach, it might still be in business today.
Jeffrey Towson argues that Vipshop could benefit from building its own logistics network, like JD. He says that this would give Vipshop more control over its supply chain and delivery times. However, he also acknowledges that this would be a major investment.
Jeffrey Towson argues that Chinese startups like Luckin Coffee, Mobike, Didi Chuxing, and WeWork are facing increasing challenges. He says that these companies are facing more competition, regulatory scrutiny, and rising costs. As a result, it is unclear if these companies will be able to achieve profitability in the long run.
Why are so many things free on the internet? And on our smartphones? And what does this mean for the economics of traditional products and services as they become smart, connected and infused with software? So the question is why are things free on the internet? My answer is the sexy but dangerous economics […]