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. And that is very much the Asian model of e-commerce. So, what are the trends shaping the Southeast Asian e-commerce market? North America and Europe still dominate the e-commerce market, but the rest of the world is rapidly catching up. As of Q2, 2020, the top e-commerce platforms in Southeast Asia are Shopee and Lazada.. We have compiled some slides on key e-commerce statistics of Southeast Asia with focus on Malaysia, which you can view it by the end of this post. The top e-commerce companies in Southeast Asia, Q2 2019 Lazada maintains its leading position with the most monthly actively users (MAU) on its mobile app in four country-specific markets, Q2 2019. In the ultimate guide to e-commerce statistics of Southeast Asia published last year, we look into key statistics on why Southeast Asia is a hotbed for e-commerce. With more than 400 million Internet users in and double-digit growth in most segments and most countries of the region, the digital sector is booming and attracting a lot of interests. Southeast Asia is experiencing rapid growth of the Internet, digital, social media and mobile activities. Internet and e-commerce growth potential in Southeast Asia. Korean startup scene: Southeast Asia is the most desirable global target! For eCommerce, even if the consumer confidence is slightly weakened, the longer-term outlook for Southeast Asia is still good. While Chinese consumers splurged on this year’s Singles’ Day sales, Southeast Asian nations also embraced the annual shopping bonanza. UBS has recently released an interesting research (reported via FT) that brings us some new perspectives on why Southeast Asia provides so much opportunities for e-commerce, at the same time becoming … Check out our infographic, “E-commerce in Asia – Statistics and Trends”. Before that, let's us present excerpts from the slides first. Shopee, the latecomer as an eCommerce platform, made a great advent in 2015. E-Commerce in Southeast Asia. The value of Southeast Asia's e-commerce sector is estimated at $38 billion and is on track to surpass $150 billion by 2025. And 2020 could bring a modest growth and stable prerequisites for eCommerce. Any merchant or PSP which assumes it can transplant practices from another region onto Southeast Asia is in for a shock. Categories Southeast Asia eCommerce, Statistics - Surveys Tags Myanmar ecommerce, Myanmar ecommerce sites. If you look at the most valuable e-commerce company in Asia, it’s Alibaba, with a $240 billion market cap. Shopee’s mobile-first approach paid out. Southeast Asia is a diverse area, with consumer behaviour and payment cultures that vary widely from other regions – and even from country to country. The company’s mobile app ranked first in active users in the Philippines, Thailand, Malaysia, and Singapore. And Alibaba is first and foremost a third-party business—tens of millions of merchants on the platform, all competing, all creating variety. Posted on November 21, 2017 November 21, 2017 Author EcomEye Leave a comment. 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." E-commerce in Southeast Asia is still in its infancy, but the region is quickly adopting the technology. 36.2% of worldwide B2C e-commerce sales came from Asia in 2014; this … Asia’s very different. By 2021, the mobile e-commerce market will account for three-quarters of all e-commerce sales.
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