Source: Goldman Sachs

Dear EMQQ Shareholder,

News roundup for this week:

EMQQ Global Monthly Report & Valuations Update Now Available: June Monthly Report

India’s App Economy To Touch $800 Bn Or 12% Of GDP By 2030: Report  
As smartphone penetration grows in India's rural areas, the amount of money spent on apps is projected to reach around $800 billion by 2030. The app economy is fueled by the sheer volume of India's smartphone users and the country's economic growth .The top three app segments are social media apps (73%), messaging apps (63%), and shopping apps (58%).    
(READ MORE) (INQQ INDEX)

Firm AQR Spots Deal of the Century in Emerging Markets
The $95 billion firm founded by renowned quantitative investor Cliff Asness says US dominance of equity markets is about to end. The firms' models show developing-nation equities offer the cheapest relative valuations since the turn of the century and will outperform the US over the next decade, which will bring in a wave of diversification.     
(READ MORE) (EMQQ INDEX) 

Is the best still ahead for Indian equities?

Sunil Koul of Goldman Sachs Research separates the signal from the noise.

Are there still big opportunities in India? 

 Source: Goldman Sachs

Brazil's appealing e-commerce and EV markets are wooing Chinese manufacturers

Due to its economic stability, booming industry and an increasingly connected consumer market, Latin America's largest country is quietly attracting some of China's most prominent tech names.

A few months ago, ultra fast fashion e-commerce retailer Shein, based in Guangzhou, announced it will open a manufacturing plant in Brazil in the next two years. Brazil is indeed a strategic location to help Shein save with shipping costs to the U.S., its largest consumer.

This past week, Brazil also announced the country will be home to the first electric-car plant of Chinese automaker BYD outside Asia. Amid a global surge in sales and overall appetite for electric vehicles, BYD is seeking to extend its geographical reach, and Brazil was an obvious first stop. EV sales are expected to grow 4% by 2025.

That such firms are going into the country is also inspiring local startups , given the size of the market —over 214 million people, more than 80% of which have a smartphone— and the interest of VC firms. Startups like Vammo are building EV rental programs for delivery workers in Sao Paulo and plenty of local startups like Enjoei, which trades on B3, serve users who want to resell clothes online.Sources: Bloomberg

Akeem Bailey is the Director of Research at EMQQ Global. Akeem joined EMQQ Global in 2021. Akeem leads the firm's research efforts and actively works with investors on a wide range of subjects from portfolio analytics and valuation to helping articulate the long term growth opportunity in the Emerging Markets tech landscape. Prior experience includes over six years working in emerging market equities as an investment professional as well as multiple years serving as a strategy consultant in India. His career is deeply rooted in the emerging markets, both on the ground and as an investor.