SINGAPORE -- E-commerce retailers across Asia have seen explosive sales growth during the pandemic crisis as consumers under lockdown splurge online.W E-commerce in Southeast Asia – a global growth bright spot Broad-based economic growth may become a scarcer commodity in 2019, owing to near term macro factors such as global trade tensions and rising interest rate environment. "We have tripled our business in the last year, with huge growth in terms of our revenue, our booking volumes, and also our customers.". According to a study by Google, Temasek and Bain & Company, e-commerce in Southeast Asia was worth US$38 billion in 2019 and is expected to grow rapidly. Southeast Asia’s cross-border e-commerce accounts for more than 40% of the total e-commerce market in the region. “Shippit has some of the best metrics we have seen for a company raising at this stage,” Mr Curtius said. Olay partners with Shopee to accelerate e-commerce growth in Southeast Asia with Adult Fearlessly campaign targeting millennials Read full article October 7, 2020, 9:00 PM And, with 250 million smartphone users in the region, e-wallets are rapidly replacing conventional banking methods – 49% of urban commercial bank customers are already using e-wallets. The region's e-commerce GMV grew by 23 percent annually from 2018 to this year, faster than China's compound annual growth rate during the same period, the report said. Home food deliveries and entertainment among the leading sectors. It operates in Singapore, Malaysia, Thailand, Taiwan, Indonesia, Vietnam, and the Philippines. Hundreds of millions of people across Southeast Asia already shop online, and the value of ecommerce spend in the region passed US$50 billion in 2018, an annual increase of more than 20 percent.. The key will be finding ways of bridging the gap between the offline and online experience, and this stretches from payments to brand experience and, potentially, augmented reality. Source: e-Conomy SEA 2020 report. Home food deliveries and entertainment among the leading sectors. The company’s mobile app ranked first in active users in the Philippines, Thailand, Malaysia, and Singapore. The company serves Southeast Asian e-commerce giants including Lazada and Shopee, whose 9.9 sales event in September doubled BEST’s daily parcel volume. According to an updated report by Google & Temasek, it is predicted that the internet economy is on a steep growth trajectory, expected to reach US$240 billion by 2025. (January 2013) Electronic commerce or e-commerce in Southeast Asia is the buying and selling of products and services over the internet in the countries of Southeast Asia. Cross-border e-commerce is expected to witness high growth than the overall e-commerce market, at a global level. DHL Express Invests EUR750 Million in Asia Pacific on the Back of E-Commerce Growth. In Southeast Asia, economic expansion rates have remained robust although the trends by country have somewhat diverged. The value of Southeast Asia's e-commerce sector is estimated at $38 billion and is on track to surpass $150 Shopee's digital strategy could lead e-commerce growth in Southeast Asia — TodayHeadline TodayHeadline Shopee's digital strategy could lead e-commerce growth in Southeast Asia — The total turnover reached 105 billion for this year. In addition to Tiger Global, which has previously backed Amazon and Alibaba, these investors included Global Founders Capital, the Germany-based fund behind start-up factory Rocket Internet. Southeast Asia online retail spend 2015-2025, by segment U.S. Amazon retail e-commerce sales 2014-2018, by product category Most popular retail e-commerce … The report also points out that, as elsewhere, the coronavirus pandemic has accelerated the growth of e-commerce, and that this trend will continue. The biggest differentiator between … E-commerce in Southeast Asia is poised for a boom in sales over the next five years but companies capitalising on the growth face significant challenges. FDA verifies Pfizer's vaccine efficacy. US surpasses 15 million COVID cases. Southeast Asia is the emerging hub of the e-commerce market, due to the already high and yet growing population, rising disposable income, increasing access to the internet, smartphone penetration, and developing transport infrastructure leading to efficient logistics services w… 01:49. It cites as evidence that three quarters of consumers in Singapore plan to keep up their level of online shopping once the pandemic is over. E-commerce penetration is still relatively low in Southeast Asia, with significant opportunities for more brick-and-mortar retail services to shift online and the company to … The company describes itself as a middle-ware for the logistics sector. E-commerce growth in Southeast Asia is driven by a high mobile internet penetration rate, young consumers and an increase in disposable income. According to the Zalora Trender report “Data Meets Fashion”, not only is the e-commerce future female, it’s also young. We assist businesses and brands to manage all aspects of their online business from developing their online store to managing product sales across multiple marketplaces including warehousing, delivery, payment, marketing and order management. Southeast Asia is currently a very attractive market for companies involved globally in the e-commerce sector and smaller local players. Additionally, the growth of online grocery and e-commerce has bolstered the growth of cold storage facilities and infrastructure support. A recent report by Google and Temasek forecasts that e-commerce in Southeast Asia will grow US$72 billion in sales in 2018 to US$240 billion by 2025. Covid-19 and lockdown boost e-commerce in Southeast Asia. The Australian sharemarket is poised to extend its December rally as Wall Street eyes a record close. Lazada maintains its leading position with the most monthly actively users (MAU) on its mobile app in four country-specific markets, Q2 2019. Following Facebook’s footsteps, … In 2020, the e-commerce market in Southeast Asia amounted to approximately 62 billion U.S. dollars. Here are the five things that need to be optimized before we’ll see exponential growth. Hotel quaratine breaches will happen, NSW premier says; US deaths are averaging 2,200 a day; the Oxford vaccine is 70pc effective; Prince William's tour criticised. The shift to online shopping experienced in 2020 was a trend that would not reverse after COVID-19, he said. SMEs play a vital role in Southeast Asia (SEA) through their contribution to employment and inclusive growth. To send to more than one recipient, put a comma between email addresses. And as a result, in Southeast Asia, e-commerce has been a laggard. Watch: Lazada CEO Li Chun on the development of e-commerce across Southeast Asia Delivering on sustainability commitments is key for brands as the report’s finding make clear that for many consumers, sustainability is at the centre of their purchasing decisions – 90% of those who took part in the survey “presented some level of interest in shopping for sustainable products, with more than 60% willing to pay a premium for such items”. 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