The research team at Hamburg-based business intelligence firm yStats.com has released a new publication, “Southeast Asia B2C E-Commerce Market 2019,” providing details of the continued expansion of online retail sales in the region. The report points to the increasing penetration of smartphones in Southeast Asian countries and the popularity of social media shopping as part of the basis for the growth in B2C E-Commerce.
The leading economy among the six nations included in the yStats.com report is Indonesia, one of the most populous countries in the world. The principal portal to the Internet and the pathway for the majority of online purchases in 2018 in Indonesia was a smartphone. Projections of rapid growth of online commerce in Vietnam move it to second place in the region by the end of this year, bumping Thailand to third among the Southeast Asian sales volume leaders. A trend propelling digital sales in several countries of the region is social commerce.
B2C E-Commerce expanding rapidly in the Philippines
While rapid growth rates of online sales is characteristic of the six countries covered in this report other than Singapore, already a mature market, it is the Philippines that is the growth leader in Southeast Asia. The new yStats.com publication indicates that the growth in this part of the world has attracted the attention of regional and global online merchants as exemplified by Alibaba’s partnership with Singapore-based Lazada.
For further information, see: https://www.ystats.com/wp-content/uploads/2019/09/2019.09.02_Product-Brochure-Order-Form_Southeast-Asia-B2C-E-Commerce-Market-2019.pdf
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About yStats.com
Founded in 2005 and headquartered in Hamburg, Germany, yStats.com is one of the world’s leading secondary market research companies. We are committed to providing the most up-to-date and objective data on Global B2C E-Commerce and Online Payment markets to sector-leading companies worldwide.
Our multilingual staff researches, gathers, filters and translates information from thousands of reputable sources to synthesize accurate and timely reports in our areas of expertise, covering more than 100 countries and all global regions. Our market reports focus predominantly on online retail and payments, but also cover a broad range of related topics including M-Commerce, Cross-Border E-Commerce, E-Commerce Delivery, Online Gaming and many others. In addition to our wide selection of market reports, we also provide custom market research services.
We are proud to cooperate with companies like Bloomberg and Thomson Reuters. Given our numerous citations in leading media sources and journals worldwide, including Forbes and the Wall Street Journal, we are considered one of the most highly-reputed international secondary market research companies with an expertise in the areas of B2C E-Commerce and Online Payment.
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