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