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Which Countries Have the Most Internet Users?

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Which Countries Have the Most Internet Users?

The Briefing

  • While China and India have two of the largest digital markets worldwide, they also have a ton of untapped market potential
  • India has over 800 million people that aren’t connected to the internet, while China has almost 600 million unconnected citizens

Which Countries Have the Most Internet Users?

When it comes to internet users, some countries have more than others. But a country’s online population doesn’t necessarily reflect its overall connectivity.

To give some perspective, here’s a look at the top nine countries with the highest number of internet users, alongside their internet penetration rates (which is the number of internet users divided by a country’s overall population):

CountryInternet Users (2020 Q1)Internet penetration
🇨🇳 China854,000,00059%
🇮🇳 India560,000,00041%
🇺🇸 United States313,322,86895%
🇮🇩 Indonesia171,260,00062%
🇧🇷 Brazil149,057,63570%
🇳🇬 Nigeria126,078,99961%
🇯🇵 Japan118,626,67294%
🇷🇺 Russia116,353,94279%
🇧🇩 Bangladesh94,199,00057%

Based on the table above and this data, it’s clear that some countries, while boasting a high number of internet users, have a long way to go before reaching full connectivity.

Take China, for instance—while the country has the highest number of internet users worldwide, it also has millions of unconnected citizens, making its overall internet penetration relatively low at 59%.

Similarly, India has a massive online community, yet its internet penetration sits at 41%. To give some context, the United States has a 95% internet penetration rate—clearly, the two largest online markets hold a ton of untapped potential compared to others across the globe.

Growth Throughout the Decades

Another way to identify emerging online markets is to look at a country’s internet growth over the years.

While internet adoption has seen an overall increase across the board, a few countries have seen astonishing growth—here’s a look at the top five countries with the largest increases this century:

CountryInternet Growth from 2000-2020
🇧🇩 Bangladesh94,199 %
🇳🇬 Nigeria63,000 %
🇻🇳 Vietnam34,250 %
🇮🇷 Iran27,040 %
🇮🇳 India11,200 %

No, that isn’t a typo. Bangladesh has seen a 94,199% growth in internet users over the last two decades. And yet, despite this colossal increase, its internet penetration still sits at 57%.

It’ll be interesting to see how these figures change over the next few decades. What will the world’s digital landscape look like in 2050? We’ll have to wait and see.

Where does this data come from?

Source: Internet World Stats
Notes: To calculate internet penetration rate, we divided each country’s total number of internet users by their overall population

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Datastream

Which Industry Boasts the Most Billionaire Wealth?

After the coronavirus-related market crash in early 2020, billionaires across every sector saw a double-digit increase in wealth.

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which industry boasts the most billionaire wealth

The Briefing

  • In every single sector, billionaire wealth saw positive growth from 2019 to 2020
  • Billionaire wealth in technology reached $566 billion after growing 41%, while healthcare reached $548 billion, growing 36%

It’s a Billionaires World

During the pandemic, billionaire wealth has shot up an average of 27% across various industries. Concurrently, the middle and working class have struggled, U.S. unemployment reached record highs, and millions of Americans are worried about facing eviction or foreclosure in the near future.

Tech and Healthcare Pull Ahead of the Pack

The industries that historically promote wealth creation for billionaires have undergone a number of changes in recent times.

Technology and healthcare have surged ahead of the pack, as companies in these industries possess qualities that have made innovation a huge value and growth driver. Innovative factors include AI, big data analytics, and a digital and cloud footprint.

IndustryWealth Per Industry ($ Billions)Growth Rates between April-July 2020
Technology$565.741.1%
Health industries$548.036.3%
Industrials$376.944.4%
Real estate$342.512.9%
Consumer & retail$300.126%
Other/diversified$268.120.7%
Financial services$229.112.8%
Materials$206.129.6%
Entertainment & media$204.120.7%

The pandemic enabled those well equipped to pivot towards the new environment and business landscape, while those without these advancements were forced to haphazardly adjust.

As a result, billionaires in these two industries have reaped great rewards. Between April-July 2020 they generated $164.8 billion and $145.7 billion in wealth between technology and healthcare respectively.

Playing Catchup

The graphic shows the two leading industries building a considerable spread between them and those lagging behind. As these innovative technologies take the mainstream, it may suggest the other industries will have the chance to catch up.

In real estate for instance, the wave of innovation is least prevalent according to the original report, yet disruption and innovation are already on their way. Consider two stocks in Zillow and Redfin: the first operates in residential real estate services exclusively through web and mobile, while the latter is a digital real estate brokerage that has the potential to undercut real estate agents.

Could these industry wealth results in a post-pandemic world look very different?

Where does this data come from?

Source: PWC Billionaires Report.
Notes: This data was released in the summer of 2020

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Tesla Bears: A Short Short Story

Tesla has gained infamy for the sheer depth of short seller activity on its stock. After years of 20% of shares short, the 2020 rally has led to capitulation for Tesla bears.

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The Briefing

  • Tesla, Inc has gained infamy for the sheer depth of short seller activity on its stock. At its peak in 2019, over 200 million shares were short
  • However, short sellers have recently capitulated, thanks to Tesla’s monster year
  • TSLA shares are up roughly 600% YTD

Tesla Bears: A Short Short Story

Short selling is often said to be the Wild West of financial markets. Where there’s a short seller, there can be whipsawing asset prices just around the corner. Tesla is no exception.

In some cases billions of dollars pour behind these short ideas—conducted by some of the world’s most sophisticated investors.

The efficient market hypothesis suggests short selling is a necessary evil that helps the market reflect on all the information of a given security and obtain its true market value. Yet most market participants are anything but receptive to short sellers.

The market—which tends to be long, often panics when a short seller enters the arena and takes the opposite stance. What typically follows is an avalanche of legal and regulatory action from corporate lawyers to the SEC.

In the case of Tesla, short sellers couldn’t have gotten it more wrong – at least for now. Some market commentators call it the most unprofitable short witnessed. The data shows that approximately 20% of Tesla shares have been held short since 2016. This year a reported $27 billion has been lost betting against Tesla.

DateShares Sold ShortDollar Volume Sold Short
October 30th, 202047,800,000$19 billion
October 15th, 202052,960,000$22 billion
September 30th, 202057,130,000$25 billion
September 15th, 202059,040,000$24 billion
August 31st, 202054,890,000$20 billion
August 14th, 202012,310,000$5 billion

Tesla’s short thesis is often anchored around a few compelling narratives. The first is that Tesla’s present day fundamentals are poor—a $530 billion company delivered 139,300 vehicles in Q3’20 and turned a $331 million profit. That’s after government subsidy programs.

The second, the electric vehicle market is expected to be competitive with many players, and short sellers make the point Tesla is currently priced as the sole-winner in this space.

We don’t know how the future EV market will transpire, but with Tesla shares up 600% year-to-date, and with the company set to join the S&P 500, some bears look to be calling it quits.

Where does this data come from?

Source:Ycharts
Notes: Financial data is as of December 2nd, 2020

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