Retail Ecommerce Sales in Southeast Asia*, by Platform, 2023 (billions) Publication Date July 15, 2024 Sources Source information is only available to PRO subscribers. Featured In AliExpress, Shein, Temu, TikTok Shop, and the Impact of Chinese Ecommerce Players in Asia-Pacific ...
The eCommerce in ASEAN (Association of Southeast East Asian Nations) has outpaced the digital industry in Southeast Asia. With their ever-rising internet users, the eCommerce landscape of Southeast Asia has shown tremendous growth in the past years. Having reached more than330 millionInternet users...
Southeast Asia is a modestly sized economic region, but in 2023, it will lead the world in both retail sales growth and ecommerce growth yet again. These recent boom times have heightened the region’s relevance as ecommerce tails off elsewhere. Key Question:What is the outlook for retail a...
There was a time when Internet penetration and faith in Southeast Asia marketplace were low. It still lacks in many regions, but countries like Singapore, Indonesia, and Malaysia are moving rapidly toward change. The pandemic also has a role in expanding the eCommerce business in this region....
Southeast Asia, India and Latin America have the highest eCommerce sales growth rates. Screenshot / Source: Insider Intelligence In 2023, the Philippines and India will lead, highlighting Asia’s strong eCommerce sales growth. The U.S. is also a top-growth country with a 10.5% growth rate...
its surrounding nations. Temasek Holdings reported that the gross merchandise volume (GMV) of the Singaporean e-commerce market reached USD 8 billion in 2023, with projections to hit USD 10 billion by 2025. Singapore has solidified its position as Southeast Asia's most advanced e-commerce market...
In 2023, according to the source, most of the e-commerce businesses in the CEE region that took part in the survey were small.
July 2023 - Chinese e-commerce firm Alibaba Group Holding invested an additional USD 845 million into Lazada, its online retail unit in Southeast Asia. With this latest investment, Alibaba's total investment in the company has exceeded USD 1.8 billion this year. ...
The ecommerce landscape in Southeast Asia went through dynamic changes last year, with Temu’s entry into the region. Temu isa Chinese-owned digital marketplaceoperating through dropshipping. It is also the world’s most downloaded mcommerce app, according to TechReport. Temu has announced that ...
Six of these 10 above-mentioned countries are located in Asia. Of these, half are Southeast Asian countries, which highlights the region’s growing reliance on online shopping and potential for aspiring ecommerce entrepreneurs. Start selling online now with Shopify ...