Real-time settlement options could provide a large opportunity for marketplaces at a time when the U.S. eCommerce innovation space is booming. In retail, Walmart has officially joined Microsoft in a bid for TikTok, as it bets on youth as well as ad revenue. And Reliance Industries has purchased Future Group’s retail shops as well as the Big Bazaar supermarket company, as it fires a shot against Amazon in a battle for India. All this, Today in Data.
800M: Number of monthly active global users of TikTok.
88%: Share of businesses that receive payouts via marketplaces.
27%: Percentage of TikTok users between 13 and 17 years old.
10K: Minimum number of stores Reliance owns and operates.
3.3: Average number of days it takes businesses selling via marketplaces to receive payouts.