Decaying Bridges, Highways Raise Costs for Truckers, Manufacturers; America’s road to recovery may face a costly detour due to a fraying transportation network

A Slowdown on the Road to Recovery

Decaying Bridges, Highways Raise Costs for Truckers, Manufacturers

BOB TITA

Oct. 13, 2013 4:42 p.m. ET

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America’s road to recovery may face a costly detour due to a fraying transportation network. One in nine of the country’s 607,380 bridges are structurally deficient and 42% of the country’s major urban highways are congested, according to an American Society of Civil Engineers estimate, the result of years of inadequate funding and deferred maintenance. Trucks ship the bulk of the country’s goods. But trucking companies and their customers complain those shipments are being rerouted—sometimes by hundreds of miles—or traveling at lower speeds over deteriorating or traffic-clogged highways. That causes higher costs for fuel, maintenance and other expenses, including drivers. Read more of this post

Debt Markets Don’t Drink from Stocks’ Half-Full Glass; Stocks Have Jumped on Debt-Deal Hopes, but Funding Markets Are on the Edge of Their Seat

October 11, 2013, 5:14 p.m. ET

Debt Markets Don’t Drink from Stocks’ Half-Full Glass

Stocks Have Jumped on Debt-Deal Hopes, but Funding Markets Are on the Edge of Their Seat

JUSTIN LAHART

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While stock markets have jumped for joy over a possible debt-ceiling deal, short-term funding markets are still on the edge of their seat. Signs of a thaw in Washington’s budget standoff have sent the stock market into paroxysms of joy. But with the clock still ticking on the U.S. hitting its debt ceiling, short-term credit markets remain wary. Until an actual deal is struck, they could get warier still. Read more of this post

At Google, ‘Advertising’ Is the Key Word; Under the new policy, advertisers can no longer bid on keywords for separate devices. Tablet computers are treated the same as desktops.

At Google, ‘Advertising’ Is the Key Word

New Ad System Could Affect Search Giant’s Coming Results

ROLFE WINKLER

Oct. 13, 2013 5:05 p.m. ET

In July Google Inc. GOOG +0.43% made what Chief Executive Larry Page called “the biggest-ever change” to its cash-cow search-advertising service, completing the transition to “enhanced campaigns.” When Google reports its third-quarter results on Thursday, investors will see whether the new system is enhancing the bottom line. The change altered the rules of Google’s keyword auctions, where advertisers bid to put their ads in Google searches. Under the new policy, advertisers can no longer bid on keywords for separate devices. Tablet computers are treated the same as desktops. Meanwhile, advertisers’ control over smartphone bids is now more limited. Read more of this post

Automated Ad Buying Surges Online; Purchases Made by Computerized Systems Are Expected to Rise 56% This Year

Automated Ad Buying Surges Online

Purchases Made by Computerized Systems Are Expected to Rise 56% This Year

SUZANNE VRANICA

Oct. 13, 2013 5:25 p.m. ET

Machines are taking over more of the process of buying online advertising, according to a new study. Automated ad buying, in which marketers use computerized systems to target users based on consumer data and Web-browsing histories, is expected to increase 56% this year in the U.S. to $7.4 billion, according to a study scheduled for release Monday by Magna Global, the research and ad-buying arm of Interpublic Group IPG +1.50% of Cos. Read more of this post

State Parole Boards Use Software to Decide Which Inmates to Release; Programs look at prisoners’ biographies for patterns that predict future crime

State Parole Boards Use Software to Decide Which Inmates to Release

Programs look at prisoners’ biographies for patterns that predict future crime

JOSEPH WALKER

Oct. 11, 2013 10:31 p.m. ET

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At the age of 13, Michael T. Murphy went into the woods near his home in rural New York with the 10-year-old boy who lived next door and stabbed him to death. Last year, having rejected Mr. Murphy’s application 11 times over his more than a quarter-century in prison, the New York State Board of Parole set him free. This time, the parole board deemed Mr. Murphy, then 41, to be a low risk for committing future crimes, according to parole board documents. The board reached its decision using a computer software program called Compas, one of several designed to predict whether individual convicts will return to prison. Read more of this post

BuzzFeed’s Brazen, Nutty, Growth Plan; Crowdsourced Translations to Send ‘Listicles’ Overseas

October 13, 2013, 6:49 p.m. ET

BuzzFeed’s Brazen, Nutty, Growth Plan

Crowdsourced Translations to Send ‘Listicles’ Overseas

FARHAD MANJOO

Jonah Peretti, the founder of BuzzFeed, disclosed in a recent letter to investors that its traffic tripled over the past year, hitting 85 million visitors in August. Soon—thanks to our collective inability to resist such sugary listicles as “36 Things You Never Realized Everyone Else Does Too“—Mr. Peretti says, BuzzFeed will be one of the largest sites on the Web. Until recently, though, BuzzFeed’s towering traffic ambitions were held in check by a simple fact of global demographics. Everything BuzzFeed publishes is in English—and at the rate it’s growing, BuzzFeed may be running out of new English speakers to colonize. Read more of this post

Alibaba to transform China’s ‘e-conomy’ with $500 billion marketplace

Alibaba to transform China’s ‘e-conomy’ with $500 billion marketplace

5:00pm EDT

By Paul Carsten

HANGZHOU, China (Reuters) – Alibaba Group’s plans to revolutionize China’s retail industry, investing $16 billion in logistics and support by 2020, will open up China’s vast interior and bring access to hundreds of millions of potential new customers. With an extra $15 billion or so in its pocket from a likely IPO, Alibaba and partners such as delivery service firms and life insurers will pump cash into revamping China’s fragile supply chains and big new data centers to process reams of consumer information. Read more of this post

Indonesia seeks to get back its manufacturing mojo

Indonesia seeks to get back its manufacturing mojo

5:19pm EDT

By Randy Fabi and Jonathan Thatcher

BANDUNG, Indonesia (Reuters) – In PT Trisula International’s (TRIS.JK: QuoteProfileResearchStock Buzz) hangar-sized factory outside the western Indonesian city of Bandung, hundreds of workers stitch together clothes for some of the world’s top brands. Amid the clatter and hum of their machines are hopes for a renaissance that can restore Indonesia’s place among Asia’s big manufacturing economies, a status it lost in the mid-1990s. Read more of this post

Start-Ups Fill Void Left by Spain’s 26% Unemployment Rate

Start-Ups Fill Void Left by Spain’s 26% Unemployment Rate

The rush starts at about 8 p.m. at La Infinito. That’s when Antonio Rojas Fernandez and Paloma Perez Rodriguez’s Madrid cafe usually fills up, typically keeping them busy until midnight. While they have two part-timers to help prepare food and bus the dozen tables a few times a week, the couple hasn’t taken more than a day off each since opening in May 2012, five months after they lost their jobs. She was a teacher, while he installed television antennas. Read more of this post

Germany Sees Global Risk Shift to Emerging Economies

Germany Sees Global Risk Shift to Emerging Economies

Germany’s top finance officials said risks to global growth are shifting away from Europe and toward emerging economies, while they expressed confidence that U.S. policy makers will overcome their divide over the budget. The euro region has left its recession behind and is no longer at the center of attention of crisis-fixing efforts, Bundesbank President Jens Weidmann told reporters in Washington yesterday. Finance Minister Wolfgang Schaeuble, after holding talks with his U.S. counterpart Jacob J. Lew, said he hopes that the budget standoff in the U.S. will be solved in coming days. Read more of this post

China and Taiwan to Form Equity Exchange as Relations Improve

China and Taiwan to Form Equity Exchange as Relations Improve

China and Taiwan plan to set up a cross-strait equity exchange center in the mainland’s southeastern province of Fujian as relations between the two sides improve. The center may be funded by 10 institutions including China’s state-owned Xiamen Jinyuan Investment Group and a unit of Taiwan’s SinoPac Financial Holdings Co. (2890), SinoPac Chief Financial Officer Michael Chang said by phone today. “It’s an exchange for junior shares, aiming to help early stage or small companies in China to raise funds,” he said. Read more of this post

Sugar Mills Face Wider Losses as Elections Loom: Corporate India

Sugar Mills Face Wider Losses as Elections Loom: Corporate India

Sugar mills in India, the world’s biggest producer after Brazil, are facing wider losses as the government prods them to pay more for cane in a bid to woo farmers before elections. A glut of the sweetener has caused prices to slide to a 15-month low, prompting factories in the top two states accounting for 65 percent of the nation’s output to sell below cost, said Abinash Verma, director general of the Indian Sugar Mills Association. Losses at mills may mount if cane prices are raised for the crushing season starting this month, he said. Read more of this post

Bewildering Indian policies fuel needless coal imports

Bewildering Indian policies fuel needless coal imports

5:21pm EDT

By Matthias Williams and Malini Menon

NEW DELHI (Reuters) – Tata Power’s (TTPW.NS: Quote,ProfileResearchStock Buzz) 1,050 Megawatt power station in the state of Jharkhand is a textbook case of the absurd results that India’s 1970s-era coal supply laws can produce, and why power utilities are lobbying the government to change them. The Maithon power station is located in the heart of India’s vast coal belt, but a shortfall in local fuel supplies has forced Tata to import some of the coal for the plant all the way from Indonesia – an expensive and cumbersome alternative. Read more of this post

Lloyds CEO warns against housing “Help to Buy” bubble: FT

Lloyds CEO warns against housing “Help to Buy” bubble: FT

6:18pm EDT

(Reuters) – The chief executive of Lloyds Bank (LLOY.L:QuoteProfileResearchStock Buzz) has warned that the government’s “Help to Buy” mortgage scheme will risk creating a dangerous bubble in property prices unless steps are taken to boost the supply of new housing and free up planning restrictions, The Financial Times reported. The FT quoted António Horta-Osório, the CEO of Lloyds as saying, “It is important that planning permits, building authorizations and social housing projects are (liberalized) so that the increase in (mortgage) transactions does not lead to a substantial increase in house prices.” “I think the scheme should be focused outside London and the southeast. (In the rest of the country) you have nothing close to a housing bubble,” the FT quoted him as saying. Lloyds, which is 33 percent owned by the British government, could not be reached immediately for comment. Lloyds, along with RBS (RBS.L: QuoteProfileResearchStock Buzz), HSBC (HSBA.L: QuoteProfile,ResearchStock Buzz), Santander UK (SAN.MC: QuoteProfileResearchStock Buzz) and Barclays (BARC.L: QuoteProfileResearchStock Buzz), has already signed up for scheme which, in exchange for a fee, will give banks greater protection against losses. The only big lender yet to commit is the customer owned Nationwide (POB_p.L: QuoteProfileResearch,Stock Buzz), one of the few lenders already offering mortgages to buyers with small deposits.

London Wealthy Leave for Country Life as Prices Rise

London Wealthy Leave for Country Life as Prices Rise

It took more than a year for Mark Hudson to find his six-bedroom home in the English countryside. Within weeks of moving in, he got a bid that topped the 1.75 million pounds ($2.8 million) the property cost. “Somebody called offering a significantly higher sum,” said Hudson, a 55-year-old manager at a publishing company, who in August swapped his home in Clapham, a London district favored by young bankers and lawyers, for Dorset, the farm-dotted county 125 miles (202 kilometers) southwest of London that was the setting for Thomas Hardy’s Tess of the D’Urbervilles. “It looks like we caught it just at the right time,” he said. Read more of this post

Rapt: Attention and the Focused Life; much of the quality of your life depends not on fame or fortune, beauty or brains, fate or coincidence, but on what you choose to pay attention to

Rapt: Attention and the Focused Life Paperback

by Winifred Gallagher  (Author)

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Acclaimed behavioral science writer Winifred Gallagher’s Rapt makes the radical argument that much of the quality of your life depends not on fame or fortune, beauty or brains, fate or coincidence, but on what you choose to pay attention to. Rapt introduces a diverse cast of characters, from researchers to artists to ranchers, to illustrate the art of living the interested life. As their stories show, by focusing on the most positive and productive elements of any situation, you can shape your inner experience and expand your world. By learning to focus, you can improve your concentration, broaden your inner horizons, and most important, feel what it means to be fully alive. Read more of this post

Epictetus on How to Live and the Ability to Choose

Epictetus on How to Live and the Ability to Choose

by SHANE PARRISH on OCTOBER 7, 2013

The Enchiridion (“The Manual”) is a short read on stoic advice for living. Epictetus’ practical precepts might change your life.

What’s in our control and what’s not

Some things are in our control and others not. Things in our control are opinion, pursuit, desire, aversion, and, in a word, whatever are our own actions. Things not in our control are body, property, reputation, command, and, in one word, whatever are not our own actions. Work, therefore to be able to say to every harsh appearance, “You are but an appearance, and not absolutely the thing you appear to be.” And then examine it by those rules which you have, and first, and chiefly, by this: whether it concerns the things which are in our own control, or those which are not; and, if it concerns anything not in our control, be prepared to say that it is nothing to you. Read more of this post

Edison and the Rise of Innovation (Foreword by Bill Gates, Authored by Leonard DeGraaf)

Edison and the Rise of Innovation [Hardcover]

Leonard DeGraaf (Author), Bill Gates (Foreword)

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Publication Date: October 1, 2013 | ISBN-10: 1402767366 | ISBN-13: 978-1402767364

Edison presents, in intimate detail, the man who helped engineer the modern world. One of history’s most prolific inventors, and perhaps America’s first celebrity, Thomas Alva Edison did more than bring incandescent light into every household and industry; he created a world-renowned brand, raised capital to support research and business, and pursued patents for his 1,000+ inventions. Leonard DeGraaf, archivist for the Thomas Edison National Historical Park, chronicles Edison’s life and work, making lively and lavish use of never-before-published primary sources, including Edison’s personal and business correspondence, lab notebooks, drawings, and advertising material, along with both historic and modern photographs. Read more of this post

Napoleon’s Fatal Mistake; Given an independent command, they acted well, especially if his orders were explicit and the task reasonably simple. But on their own, they tended to be nervous, looking over their shoulders, unresourceful in facing new problems he had not taught them how to solve

Napoleon’s Fatal Mistake

by SHANE PARRISH on OCTOBER 9, 2013

“Nothing is more powerful than an idea whose time has come.”
— Victor Hugo

France of the 1790′s provided an ideal place for Napoleon Bonaparte’s unlikely rise to the top. Paul Johnson explains in Napoleon: A Life:

It demonstrated the classic parabola of revolution: a constitutional beginning; reformist moderation quickening into ever-increasing extremism; a descent into violence; a period of sheer terror, ended by a violent reaction; a time of confusion, cross-currents, and chaos, marked by growing exhaustion and disgust with change; and eventually an overwhelming demand for “a Man on horseback” to restore order, regularity, and prosperity.

Napoleon epitomized opportunism. Read more of this post

Drinking With Your Eyes: How Wine Labels Trick Us Into Buying

Drinking With Your Eyes: How Wine Labels Trick Us Into Buying

by MICHAELEEN DOUCLEFF

October 11, 201311:05 AM

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Shelf pop: Brilliant red ink and an arresting illustration make Scarlett stand out in a sea of Napa cabernet sauvignons. A splash of gold adds richness and elegance.

We’re all guilty of it. Even if we don’t want to admit it, we’ve all been suckered into grabbing a bottle of wine off the grocery store shelf just because of what’s on the label. Seriously, who can resist the “see no evil” monkeys on a bottle of Pinot Evil? But the tricks that get us to buy a $9 bottle of chardonnay — or splurge on a $40 pinot noir — are way more sophisticated than putting a clever monkey on the front. A carefully crafted label can make us think the bottle is way more expensive than it is, and it can boost our enjoyment of the wine itself, says David Schuemann of CF Napa Brand Design, who has been designing wine packaging for more than a decade. In his new book 99 Bottles of Wine, Schuemann spills the industry’s secrets about how wine labels tickle our subconscious and coerce us into grabbing a bottle off the shelf. The book is also a feast for the eyes, with about 100 photographs of the sleekest, most eye-catching winelabels in the business. Read more of this post

The Soaring Cost of a Simple Breath; The high price of commonly used medications for conditions like asthma contributes heavily to health care costs in the United States

October 12, 2013

The Soaring Cost of a Simple Breath

By ELISABETH ROSENTHAL

OAKLAND, Calif. — The kitchen counter in the home of the Hayes family is scattered with the inhalers, sprays and bottles of pills that have allowed Hannah, 13, and her sister, Abby, 10, to excel at dance and gymnastics despite a horrific pollen season that has set off asthma attacks, leaving the girls struggling to breathe. Asthma — the most common chronic disease that affects Americans of all ages, about 40 million people — can usually be well controlled with drugs. But being able to afford prescription medications in the United States often requires top-notch insurance or plenty of disposable income, and time to hunt for deals and bargains. Read more of this post

Where Jim Rogers Is Investing Now

SATURDAY, OCTOBER 12, 2013

Where Jim Rogers Is Investing Now

“I cannot invest the way I want the world to be; I have to invest the way the world is.” — Jim Rogers

By KOPIN TAN | MORE ARTICLES BY AUTHOR

An interview with investor and author Jim Rogers in Singapore. Why he likes agriculture and Chinese airlines, is concerned about currency turmoil and thinks young Americans should learn a foreign language.

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Stepping off a 19-hour flight to visit Jim Rogers in Singapore is a daunting proposition. First, you must locate his home, nestled in a particularly private, verdant nook nuzzling the 183-acre Singapore Botanic Gardens. Next, his remarkably poised nine-year-old daughter—the blond-haired, blue-eyed Hilton Augusta Parker Rogers, or Happy Rogers to her friends—quizzes you in flawless Mandarin to see if your language skills are up to snuff. Then, Rogers invites you to exercise with him while chatting about the markets. Rogers, who will turn 71 this week, has always been a multitasker. The co-founder (with George Soros) of the Quantum Fund famously retired at 37 to travel the world, and is today a venerable investor, author of six books, and doting dad. Convinced of Asia’s ascendance but put off by China’s pollution, he moved his family from New York to Singapore seven years ago so his two young daughters can grow up speaking Mandarin. Today, Oriental antiques jostle Barbie dollhouses for pride of place in his spacious home. He takes his daughters to school on a bicycle, even though a gleaming Mercedes with an 8888 license plate—eight being the most auspicious number to the Chinese since it sounds like the word for “prosper”—sits in the driveway. What follows is our very sweaty conversation—me from the equatorial humidity, Rogers from pedaling a recumbent stationary bike on the patio, a laptop dripping stock quotes propped on his handlebars. A tantalizing pool beckons from 10 feet away, but he did not once slow down. Read more of this post

When the Rising Stock Price Hides Trouble

October 12, 2013

When the Stock Price Hides Trouble

By GRETCHEN MORGENSON

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WHEN a company receives criticism about its executive pay practices, a typical defense is to cite a rising stock price as justification of its pay. If total shareholder return is up, the theory goes, stockholders have no right to complain about what might otherwise look like outsize pay at their companies. While this pay posture is understandable, it raises a question: Should a rising stock price inoculate top executives from criticism over their pay? To more and more experts in corporate finance and pay issues, the answer is no. Aswath Damodaran, a professor of finance at the Stern School of Business at New York University, is among those who think that too many companies rely too heavily on the performance of their shares when computing executive compensation. “I’m a great believer in markets, but sometimes we need more attention paid to what did this management do to the value of the company and less to what did this management do to the price of the stock,” he said. “I would like to see compensation systems where managers are rewarded based on what kind of projects they are working on and how big their returns on invested capital are.” Read more of this post

Is Music the Key to Success? What it is about serious music training that seems to correlate with outsize success in many diverse fields?

October 12, 2013

Is Music the Key to Success?

By JOANNE LIPMAN

CONDOLEEZZA RICE trained to be a concert pianist. Alan Greenspan, former chairman of the Federal Reserve, was a professional clarinet and saxophone player. The hedge fund billionaire Bruce Kovner is a pianist who took classes at Juilliard. Multiple studies link music study to academic achievement. But what is it about serious music training that seems to correlate with outsize success in other fields? The connection isn’t a coincidence. I know because I asked. I put the question to top-flight professionals in industries from tech to finance to media, all of whom had serious (if often little-known) past lives as musicians. Almost all made a connection between their music training and their professional achievements. Read more of this post

Slaying The Dragon And Other Ways To Create Killer Content Narratives

SLAYING THE DRAGON AND OTHER WAYS TO CREATE KILLER CONTENT NARRATIVES

THE “MERE EXPOSURE EFFECT” COMPELS PEOPLE TO LIKE SPECIFIC CONTENT SIMPLY BECAUSE THEY ARE FAMILIAR WITH IT. HERE’S HOW TO TELL A SUCCESSFUL STORY.

BY: DUKE GREENHILL

There is a system for successful storytelling. Actually, there are many systems. Sometimes we call them platforms. Sometimes we call them structures. Sometimes we call them strategies. But they’re all essentially the same. They’re the framework we deliberately select to support what we hope will be a successful story. Whether the metric of success is shares, comments, views, clicks, albums sold, box office receipts, or artistic immortality, the systems are there. While content marketing, social marketing, and native advertising are new media of sorts, in their most fundamental ways, they are no different than the stories we’ve been telling each other since the dawn of humankind. Read more of this post

How To Become As Interesting As Malcolm Gladwell

HOW TO BECOME AS INTERESTING AS MALCOLM GLADWELL

KNOW WHAT YOUR PERSONAL BRAND COULD REALLY USE RIGHT ABOUT NOW? A BEST SELLER.

BY: DRAKE BAER

To be made into an adjective is probably the closest to immortality that any of us are going to get–and every time Malcolm Gladwell comes out with a new book, we’re reminded of the writer’s everlasting ability to remain interesting. But what is it to be “Gladwellian”? With the release of his new book, David and Goliath,we can see that the adjective summons constructive criticism, as in SlateGQ, andTime. And when the New York Times asked him how he feels when a book is called “Gladwellian,” he said: I’m flattered, naturally. Although I should point out that it is sometimes said that I invented this genre. I did not. Richard Nisbett and Lee Ross did. Aside from setting us scrambling for the work of Nisbett and Ross–who authored The Person and the Situation: Perspectives of Social Psychology, a book exploring how our individual identities are so dang socially contextual–Gladwell’s answer on the question “Gladwellian” still feels incomplete. Read more of this post

The German’s language’s ability to express the inexpressible explains why so many words have been embraced into English

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Can China produce a game studio like SuperCell?

Can China produce a game studio like SuperCell?

October 11, 2013

by Francisco Yu

When the DreamWorks animated movie Kung Fu Panda released worldwide, many in the Chinese movie and animation industry asked themselves why couldn’t a Chinese studio have created Kung Fu Pandafirst. After years of soul-searching and introspection, the Chinese animation industry has been trying (and failing) to meet that bar of creating an equal or greater animated film. The creative and decision making mechanisms of the industry just aren’t conducive to making a global animation hit yet. Read more of this post

Building the Cloud: Who Wins, Who Loses; Traditional IT suppliers, including EMC, Cisco, and NetApp, are under siege from cloud operators like Amazon and Google. Pricey start-ups abound. A second chance for VMware

SATURDAY, OCTOBER 12, 2013

Building the Cloud: Who Wins, Who Loses

By TIERNAN RAY | MORE ARTICLES BY AUTHOR

Traditional IT suppliers, including EMC, Cisco, and NetApp, are under siege from cloud operators like Amazon and Google. Pricey start-ups abound. A second chance for VMware.

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The cloud changes everything. The technology leaders of the past, including Hewlett-Packard , Cisco Systems , and EMC ,face unprecedented threats as computing moves out of corporate data centers and onto the cloud that companies like Google ,Amazon.com , and others have created. Over the past decade, these large Web companies have figured out how to build more-efficient computing facilities than the information-technology teams within large companies could ever imagine. Now these firms are renting their vast computing firepower to companies large and small. Amazon has multiple customers who run SAP(ticker: SAP) enterprise resource planning software, among the heaviest of traditional enterprise applications, for their critical planning. Social networking application SnapChat runs on Google’s App Engine. Read more of this post

APAC has more mobile shoppers than any other region (INFOGRAPHIC)

APAC has more mobile shoppers than any other region (INFOGRAPHIC)

October 11, 2013

by Paul Bischoff

Asian consumers are leading demand for mobile commerce, according to a survey just released by SAP. The almost 3,300 interviewees were spread across China, India, Japan, and Australia. SAP’s findings suggests APAC is far ahead of other regions as far as m-commerce goes. 84 percent want more interactions, 67 percent want more payment methods (e.g. a mobile wallet), and 42 percent have actually purchased something through their mobile phones. Higher confidence in mobile security is driving the shift. Check out more of SAP’s stats in the infographic below.

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