The global technology industry experienced a 58% drop in company filings mentions of ecommerce in Q3 2023 compared with the previous quarter, with the highest share accounted for by Zomato with 71% year-on-year decrease, according to GlobalData’s analysis of over 379 technology company filings. GlobalData’s Technology: Filings Trends & Signals Q3 2023 report delves into earnings call transcripts and quarterly reports within the technology industry, extracting trends, signals, and comparative data to help businesses assess their performance, identify competitive intelligence, evaluate risks, and gain a comprehensive understanding of key industry events. Buy the report here.
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Notably, ecommerce was one of the most frequently referenced themes in Q3 2023, ranking highest in terms of mentions, ahead of sensory & indulgence and niche tourism, according to GlobalData.
Of the top leading companies in the technology industry, Zomato had the greatest increase in references for ecommerce in Q3 2023, compared with the previous quarter. GlobalData identified 83 ecommerce-related sentences in the company's filings - 17% of all sentences - and a decrease of 71% in Q3 2023 compared with Q3 2022. Meituan’s mentions of ecommerce rose by 126% to 70 and Tencent’s by 125% to 27.
GlobalData’s Company Filings Analytics also applies sentiment weight to reference sentences, based on whether the sentences are positive, negative, or neutral. Starting at 100 in 2020, an index over 100 is more positive. The overall index for ecommerce in Q3 2023 was 103.
For further understanding of GlobalData's Technology: Filings Trends & Signals Q3 2023, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies across the world’s largest industries.
