1、Internet Trends 201? Mary Meeker June 11 Code 2019 INTERNET TRENDS 2019 Mary Meeker June 11 Code 2019 2 Internet Trends 2019 Internet Trends 2019 1)Users 2)E-Commerce + Advertising 3)Usage 4)Freemium Business Models 5)Data Growth 6)Usage 7)Work 8)Education 9)Immigration + USA Inc. 10) Healthcare 11)

2、 China(Provided by Hillhouse Capital) 3 Internet Trends 2019 Thanks Bond Partners Michael Brogan own/use a computer or tablet, build actuarially-based models of consumer behavior the red area of Republicans surveillance; privacy; this right includes freedom to hold opinions without interference 2) L

3、imits on Content; 3) Violations of User Rights Free Countries with low economic / infrastructural / regulatory barriers to Internet access minimal blocking / filtering of content / informationstrong privacy protections Partly-Free Countries with some barriers to Internet access (like state-owned pro

4、viders handicapping competition) some blocking of content / information (like news sites or temporary blocks on social media) some privacy violations (like data collection requirements with weak judicial oversight) Not-Free Countries with strong barriers to Internet access (like cutting off the inte

5、rnet to certain regions) strong blocking of content (news sites, opposition figures, permanent blocks on social media) rampant privacy violations (like data localization requirements with low judicial independence, unchecked surveillance) Source: Freedom Houses Freedom on The Net Reports 2016-2018.

6、Note: Freedom on the Net is a collaborative effort between a small team of Freedom House staff all the government knows is when someone uses his Aadhaar number, not where or why. Aadahaar shows Indias approach to the Internet is simple empower users with the technical NCES, IPEDS Fall Enrollment dat

7、a. Average tuition NCES, IPEDS Fall Enrollment data. Average tuition the presentation is also informed by non-public information + insights. We disclaim any + all warranties, express or implied, with respect to the presentation. No presentation content should be construed as professional advice of a

8、ny kind (including legal or investment advice). We publish the Internet Trends report on an annual basis, but on occasion will highlight new insights. We may post updates, revisions, or clarifications on Bonds website (). Bond owns significant equity positions in certain of the companies referenced in this presentation. Disclaimer