Consumers Turn To Marketplaces, Debit Cards

Brahm Buck

Share Tweet Share Share Share Email 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 […]

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.

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.

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



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