Why Magento Sellers should Sell in Southeast Asia? 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 2024, global eCommerce will make up over 21.5% of total retail sales at $6.15 trillion, a $600 billion rise or 11% increase from 2022. By 2025, eCommerce will account for 23.6% of sales, reaching $7.39 trillion. Southeast Asia, India and Latin America have the highest eCommerce sal...
Last updated March 5, 2024 Reading time 9 mins Fact checked On this page Online Marketplaces in Southeast Asia: A Unique Region for Ecommerce The largest online marketplaces in Southeast Asia Shopee in Southeast Asia Tokopedia in Indonesia Lazada in Southeast Asia Tiki in Vietnam Other online ...
Given the incentives that eCommerce businesses are receiving in Singapore and elsewhere in Southeast Asia, affiliate marketing is expected to display an impressive compound annual growth rate (CAGR) in the region. Retailers in the regions are increasing their investments in affiliate programs to ...
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. ...
February 2024: Qoo10 Pte., an e-commerce platform centered in Southeast Asia, finalized a USD 173 million acquisition of Wish, a prominent US online marketplace, from ContextLogic Inc., a company listed on Nasdaq. This strategic move is expected to allow Qoo10 to bolster its global logistics...
Most of the capital raised by Southeast Asia’s startups in the past few years flowed into ecommerce, according to Tech in Asia data. However, the sector is not immune to the current funding winter.The total number of ecommerce deals has steadily decreased over the past quarters, falling ...
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 ...
In 2023, according to the source, most of the e-commerce businesses in the CEE region that took part in the survey were small. Around three percent of the companies who answered made between one and five million euros in sales 2023. ...
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 ...