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Mary Meeker's State of the Internet Stars Mobile Devices and China

MeekerPhotograph by Tony Avelar/Bloomberg

Mary Meeker of Kleiner Perkins Caufield & Byers gave her annual Internet Trends report at Re/Code’s Code Conference on Wednesday. The report is a cult favorite of the technology industry because she compiles lots of information about trends in tech and weaves them into a coherent look at the business of the Internet as a whole. Meeker’s report is never shocking, exactly—she pulls widely from already public sources of data—but it is comprehensive. To a certain extent, it serves as the foundation for a year of comprehensive wisdom in Silicon Valley.

So there’s lots in here: Education and health care are at “inflection points,” single-use apps are gaining on sprawling app empires such as Facebook’s, and talk of an Internet bubble is overblown. As expected, the big stars are mobile devices and China. The entire thing can be found on the firm’s website, but here are a few of the more interesting slides.