Social Media Innovations And SMB Challenges

By  |  August 4, 2020
 | 
Social Media Innovations And SMB Challenges

Burberry has created a “mini program” with Tencent that provides exclusive content and tailored experiences that can be unlocked on WeChat, at a time when China has millions of mini-communities on the social media platform. And in small business, a sizable share of SMBs have tapped their personal financial lifelines, including credit cards, to keep their companies operational. All this, Today in Data.

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    Data:  

    35%: Share of SMBs that have used personal funds to finance operations during the pandemic.

    11.6%: Estimated share of China’s total retail eCommerce sales that are driven by social commerce.

    $10.4B: Minimum amount of reserves J.P. Morgan set aside for potential loan losses.

    3.1%: Estimated portion of personal loans that were delinquent in June.

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    1B: Minimum number of WeChat’s active monthly users.


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