{
  "docId": "019dd923-5e88-73ef-bd5d-b82ca346e032",
  "docSlug": "d104e9de9f1d5dd1",
  "documentTitle": "2016 Bond Cap Internet Trends 2016",
  "authorId": "BondCap",
  "authorName": "Mary Meeker",
  "documentKindSlug": "consulting-deck",
  "documentKindLabel": "Consulting deck",
  "sourceTypeSlug": "vc_research",
  "sourceTypeLabel": "VC research",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.333,
  "pageNumber": 179,
  "pageCount": 214,
  "prevPage": 178,
  "nextPage": 180,
  "slideType": "market_landscape",
  "function": "present_framework",
  "density": "balanced",
  "nDataPoints": 5,
  "notes": "The diagram uses a hub-and-spoke layout to show how core payment services anchor other financial products.",
  "elementsJson": [
    "headline_text",
    "infographic"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5e88-73ef-bd5d-b82ca346e032/179",
  "deckHref": "/decks/019dd923-5e88-73ef-bd5d-b82ca346e032",
  "deckJsonHref": "/decks/019dd923-5e88-73ef-bd5d-b82ca346e032.json",
  "deckAnchorHref": "/decks/019dd923-5e88-73ef-bd5d-b82ca346e032#slide-179",
  "components": [
    {
      "bbox": {
        "h": 0.7,
        "w": 0.7,
        "x": 0.15,
        "y": 0.2
      },
      "kind": "framework",
      "text": "Hub-and-spoke diagram showing Payment as the core service with four surrounding financial service categories.",
      "attrs": null,
      "subkind": "instance",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "1ab51b4e-ac93-4d04-8d59-e95c9ce5444c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "Valuation: $60B",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-5641-722a-9f2f-16520b594a2c",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.2,
        "x": 0.1,
        "y": 0.94
      },
      "kind": "source-note",
      "text": "Source: Media reports, Ant Financial. *Financing in 4/16",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "3d489b7e-9b49-4c71-b4b3-f624b79683d4",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.1,
        "w": 0.96,
        "x": 0.02,
        "y": 0.02
      },
      "kind": "title",
      "text": "Ant Financial (~$60B Valuation*) = Leveraging Alibaba AliPay Scale... Building China Financial Services One-Stop-Shop",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "71964db3-e0ac-4a6f-9fa3-a436206e0a8e",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Metaphor & Analogy",
      "slug": "metaphor-analogy",
      "agent": "Storyteller",
      "layer": "slide",
      "matchId": "019de7d7-f789-754d-8284-fc80adca15c4",
      "evidence": "Hub-and-spoke diagram of Ant Financial services.",
      "confidence": 72
    },
    {
      "name": "Picture Superiority Effect",
      "slug": "picture-superiority-effect",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "019de7d7-f7a9-725f-8857-20b06e857a01",
      "evidence": "Visual hub diagram makes ecosystem tangible.",
      "confidence": 70
    }
  ],
  "frameworks": [
    {
      "name": "Hub-and-spoke (Flywheel-style ecosystem)",
      "slug": null,
      "matchId": "019de7d7-fe55-7289-8628-0a2749ac8e49",
      "evidence": "Payment hub with four satellite financial services.",
      "confidence": 70
    },
    {
      "name": "hub-spoke",
      "slug": null,
      "matchId": "34f36772-adad-45d0-8e46-a1dc467468ac",
      "evidence": "Central node (Payment) connected to peripheral nodes (Savings, Lending, etc.)",
      "confidence": 1
    }
  ],
  "arcBeats": [
    {
      "to": 193,
      "from": 161,
      "beatId": "019de7d7-dfdb-71ae-ab61-8a3533e45ef2",
      "arcName": "The Consultant's Gambit",
      "arcSlug": "consultants-gambit",
      "beatName": "Evidence & Proof",
      "beatSlug": null,
      "evidence": "China leadership data + public/private company financials.",
      "position": 4,
      "confidence": 72,
      "parentBeatName": null,
      "parentBeatSlug": null
    },
    {
      "to": 213,
      "from": 42,
      "beatId": "019de7d7-e0c3-71c3-b3fe-7361aabe05a0",
      "arcName": "The Triple Take",
      "arcSlug": "triple-take",
      "beatName": "The Action (Now What)",
      "beatSlug": null,
      "evidence": "Innovation playbooks across ads, video, voice, transport, data.",
      "position": 3,
      "confidence": 60,
      "parentBeatName": null,
      "parentBeatSlug": null
    }
  ],
  "loops": [
    {
      "to": 182,
      "from": 162,
      "name": "Tale Two Worlds",
      "slug": "04-tale-two-worlds",
      "bestFor": "Competitive analysis, benchmarking, case for change",
      "matchId": "019de7d7-e26c-70ce-a296-8864b88dd4d8",
      "evidence": "p170 online ads > USA share, pp171-172 e-commerce share, p176 payment frequency, p181 70% global on-demand share.",
      "position": 11,
      "objective": "Benchmark China internet metrics against USA to argue China leads on many fronts",
      "structure": "Current State -> Desired State / Benchmark -> The Gap & Implication",
      "confidence": 82,
      "description": "Show the gap between two states to drive urgency or highlight opportunity"
    }
  ],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}