Live Shopping has taken over the internet and is becoming the main form of promotion and selling for many brands. Livestreaming in Brazil became important for almost every area, from gaming to sports, and it is expected to keep growing.
Livestreaming eCommerce is the new big thing for brands. This is the combination of three distinct factors:
The growth of TikTok around the world;
The rise of the influencers;
The brand needs to differentiate itself from others.
China is already ahead on livestreaming eCommerce, but studies show that the biggest markets for this type of content are India and Brazil.
In China, Live Shopping is already common. Forbes estimates that the industry will earn around $60 billion annually. In 2019, around 37% of all online shopping was made during or because of Live shopping. In 2020, Taobao’s annual Single-Day Global Shopping Festival accounted for $6 billion in sales thanks to livestreaming eCommerce.
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