Welcome to the thirty-sixth Week in eCommerce Data, where Friday begins with a dose of ecommerce data. In this week’s roundup, the growth of social commerce, the rise of facial recognition payment methods. Plus other ecom news elsewhere!

Key ecommerce data

30% annual growth

of social commerce until 2027, which is set to become a $600 billion market within the ecommerce environment.

$1.7 trillion

the value of Amazon as Jeff Bezos steps down as CEO, being replaced by Andy Jassy – starting in July.

$420 million

is being spent on facial recognition payments this year by Chinese ecommerce giant Alipay, as the tech is also beginning to be rolled out in the US and Europe.

61% of B2Bs

plan on spending more money on ecommerce technology throughout 2021.

100% more expensive

the surge in ecommerce has led to a shortage of cardboard in the UK, leading to higher prices.

130% increase

in orders reported at Toys R Us in Canada last year, whose site is hosted on Salesforce Commerce Cloud.

51%

of Amazon sellers reported higher sales during 2020, citing the pandemic for the reason.