Today In Data

Today In Data: Rideshare Woes, Procurement Solutions And Investment Activity

Many firms saw noticeable ups and downs in the past few days, with some experiencing highs like venture capital (VC) backing and new solutions to take extra tasks off employees’ hands. Others saw extreme lows, like massive devaluations and delays in important new product releases.

Today in PYMNTS’ data, rideshare company Uber has had a rough 10 days, B2B procurement solutions are saving corporates time and money, VC funding rounds are backing a little bit of everything, investment activity in the Chinese economy is not meeting expectations and the forthcoming Apple HomePod smart speaker will not see shelves before the holiday season.


Here are the numbers:

$70 billion | Current valuation of Uber, a ridesharing company which has raised more than $11.5 billion in funding but may soon see a $20 billion haircut

$13 billion | Amount of corporate spending currently managed through Scout RFP’s cloud-based strategic sourcing and procurement solutions, according to recently released company stats

$279 million | Total raised in venture capital funding rounds by B2B startups in PYMNTS’ B2B VC breakdown this week, backing firms that cover everything from accounting for blockchain companies to social and business networks for farmers

$117 million | Value of investment activity in the Chinese economy this quarter to date, far below the roughly $540 million estimated for the same period last year, though there are still a few weeks left for it to catch up

$349 | List price of Apple’s HomePod smart speaker, the release of which has been pushed back to early 2018, that is supposed to come with superior auditory quality to justify its price tag



The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.