Consumers Turn To eCommerce Marketplaces, Debit Cards

By  |  May 14, 2021
 | 
Alibaba

Chinese eCommerce company Alibaba said it plans to look for growth in new global markets after finishing a blockbuster year. And in payment methods, the pandemic is showing the unique and evolving payment preferences of different generations. To that end, millennials and Gen Z members are seeking frictionless debit-based mobile experiences. All this, Today in Data.

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    Today in Data

    Data:

    925M: Alibaba’s mobile monthly active users (MAUs) in March 2021.

    $580B: Alibaba’s approximate market cap as of May 13.

    51%: Share of Gen Z consumers who used debit to purchase holiday gifts last year.

    37%: Alibaba’s Q4 cloud computing revenue growth.

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    28%: Portion of consumers who have used debit more since the pandemic began.


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