e commerce southeast asia 2020

e commerce southeast asia 2020

According to a report by Facebook and the global consultancy Bain & Co, 70 percent of consumers, or 310 million people, in the region are expected to have gone digital by the end of this year-a figure previously forecast for 2025. "The significant spike in online traffic and e-commerce continues. >>> Read more: The landscape of eCommerce in Vietnam in 2020, >>> Read more: [Infographic] Vietnam’s E-commerce landscape 202. The e-commerce market in South East Asia is a $100 billion market today and could grow to $300 billion by 2025, according to Mashable.com. Women in Southeast Asia contribute to 80% of all household buys, outshopping men by 20%, and spending 40% more time looking at online retailers, says a report from e-retailer Zalora. Fashion & beauty competes head to head with Electronics & physical media for the best-selling category, while others  stay around the mark $500 million. Television hostess Rungnapa Nuymuang promotes Chinese products by livestreaming on the Lazada platform in Bangkok, Thailand. In Vietnam, the Philippines, Indonesia and Malaysia, nearly 60 percent of internet users turn to social media for more information about brands. Vietnam digital landscape in 2020 is looking forward for E-commerce players and E-wallet companies to push online shoppers towards online payment methods. Southeast Asian Map of E-commerce Consumer Insights October 19, 2020 digitalinasia Leave a comment This latest online retail overview from iPrice compares Southeast Asia’s major e-commerce players based on their average quarterly traffic, mobile application ranking and also looks at general market trends. Top 4 marketplaces in Vietnam are Tiki, Lazada, Sendo and Shopee. As of Q2, 2020, the top e-commerce platforms in Southeast Asia are Shopee and Lazada.. Showing up latest to the party doesn’t stop Shopee from dominating the market due to its heavy promotions and competent logistics support. © Copyright 2020 BOXME GLOBAL. The technology revolution is changing how customers shop forever with the switch from traditional brick-and-mortar stores to E-commerce. This further conclude the stable development of Vietnam digital landscape in 2020. Particularly, digital eCommerce of Vietnam witness a huge fluctuation in growth rate, online users, social platforms,.. As the Internet economy is booming, Vietnam is becoming a top destination for foreign investors. Using a different research method, Google & Temasek announced that the GMV of Vietnam E-commerce in 2019 is $5 billion, growing at a CAGR of 81% since 2015. By Yang Han in Hong Kong. (PHOTO / CHINA NEWS SERVICE). Jessica Liu, co-president and regional head of commercial at Lazada Group, said that in the second quarter of this year, orders on Laz-Mall, Lazada's business-to-customer virtual shopping platform, more than tripled year-on-year. The advent of livestreaming can also be a cross-border opportunity to connect China with Southeast Asia. Lazada's Liu said that even before the pandemic started, Southeast Asia was undergoing rapid digitalization, and the contagion has accelerated this trend. Live Streaming E-commerce China’s Ministry of Commerce reported more than 4 million E-commerce live streaming sessions held in the first quarter of 2020. Alibaba invested in Lazada in 2016 and acquired control of the company. But until last year, Pang said nine out of 10 people she spoke to in Singapore were still unfamiliar with livestreaming. –> Read more: Top E-Commerce Platforms In Vietnam To Sell Cross-Border. As Parcel Monitor, we witnessed a spike in e-commerce demand particularly during the initial wave of the COVID-19 pandemic. (HECTOR RETAMAL / FOR CHINA DAILY). Liu said, "E-commerce is projected to grow to $300 billion by 2025, but has a penetration rate of less than 5 percent among the 650 million people living in Southeast Asia." The Asia eCommerce Awards 2020 recognise and reward excellence for both brands and agencies in their eCommerce efforts across Southeast Asia, South Asia and ANZ regions. Liu said,"E-commerce is projected to grow to $300 billion by 2025, but has a penetration rate of less than 5 per cent among the 650 million people living in Southeast Asia." Liu said, "E-commerce is projected to grow to $300 billion by 2025, but has a penetration rate of less than 5 percent among the 650 million people living in Southeast Asia." "Livestream commerce can work here (in Singapore), just like it did in China.". "Compared with last June, this led to more than 17 times the total GMV generated through livestreaming," she added. For Rachel Pang, the founder and CEO of online shopping portal Shopavision, increased digital consumption triggered by COVID-19 resulted in a "surprising opportunity" for her startup, which aims to be Singapore's first and only livestream-focused shopping site. Automotive e-commerce platform Carsome has announced the completion of its Series D fundraising in the amount of $30 million, led by Asia Partners, and joined by existing Carsome investors Burda Principal Investments and Ondine Capital.With over US$115mn raised to date, Carsome now looks to accelerate its regional expansion in Southeast Asia. Data from we are social & hootsuite throughout the years indicated a stable growth for Vietnam E-commerce sector, from the number of users to total value. "The number of online shoppers has hit a new high (during the pandemic)," she said. A mobile phone user browses the Shopavision site. After a slow 2017, 2018 and 2019, saw rising numbers in both the number of deals and the total amount. E-commerce surges across Southeast Asia. Stepping forward with the breakthrough technology development in recent years, Vietnam e-commerce has become a bright spot in Southeast Asia, Boxme Global would like to express our sincerest thanks to. Chinese e-commerce giant JD.com will be the first online platform to accept the digital yuan. Here is a peek at all aspects of Vietnam digital landscape in 2020, presented to you by Boxme Global. Please click in the upper right corner to open it in your browser ! As digital marketing is a large part of e-commerce, he said surging demand for online shopping has created several opportunities for such businesses to acquire new customers more easily. While Tiki and Sendo are local companies, Lazada and Shopee are international E-commerce platforms with wide coverage across Southeast Asia. It is expected to see in Vietnam digital landscape in 2020, a potential increase in international funding, investment of outsources inducting business in Vietnam. From a country with Cash-on-Delivery as the main way to pay, joint promotions between banks. Shopee, which is based in Singapore, was the most-visited e-commerce platform in the city-state as of the second quarter, the report said. In April, the Guangxi Zhuang autonomous region website reported that Guangxi TUS-Innovation Cross-border E-commerce Co held a livestreaming session on Lazada to sell anti-pandemic products such as face masks and goggles. And 2020 could bring a modest growth and stable prerequisites for eCommerce. A retail channel crucial for sales growth is e-commerce, which is why the company has decided to branch into this space after 37 years of providing door-to-door sales service. From the first quarter to the second, the company saw an 82 percent rise in the number of users, garnering close to an additional 5 million visitors on average in the second quarter alone. Leading international online marketplace Lazada made the most of the Singles Day shopping extravaganza this month, cashing in on the e-commerce boom in Southeast Asia during the pandemic. Shipping logistics platform Shippit today nabbed AU$30 million (approximately $22 million), bringing its total raised to over $31 million. With livestreaming on social media platforms such as Facebook becoming more common, she added that such broadcasts have the potential to drive marketing and sales. Shopee’s mobile-first approach paid out. All rights reserved. (PHOTO PROVIDED TO CHINA DAILY). Facebook is still the mainstream online platform for people not only interact with each other but also conduct online business, online shopping there. On the other hand, mobile usage and social media usage is on the rise compared to statistics from previous years. The number of Internet users in Southeast Asia, and particularly in the 6 largest ASEAN … The way in which e-commerce is conducted has also diversified, Srivorakul said. –> Read more: Social Media Is Still A Major Shopping Platform In Vietnam. By Joe Devanesan | 15 September, 2020 Despite economic uncertainty, the strong sales on e-commerce and omnichannel retail in Southeast Asia is lifting e-tailers’ confidence for the rest of 2020 In Southeast Asia (SEA), the date of September 9 has … A livestreaming hostess promotes products during a broadcast at a studio in Shanghai. More than 40 livestreaming shows were held during the three-month pre-launch marketing period, Pang said, generating over 400,000 views, more than $50,000 in sales and reaching 2 million people. 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