A Division of NBCUniversal. SINGAPORE — Southeast Asia saw a surge in the use of digital services like e-commerce, food delivery and online payment due to the coronavirus pandemic, according to a new report from Google, Temasek Holdings and Bain & Company. Established in early 2017, PT GTech Digital Asia has been focusing on building end-to-end consumer digital engagement platforms. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Unified Commerce: Driving end-to-end customer experience for B2B and B2C. Asia: Revenue in the eCommerce market is projected to reach US$1,435,049m in 2020. The Covid-19 pandemic is massively altering shopping behaviour, leading people to fill online shopping carts rather than physical ones. That pushed the total number of internet users in those Southeast Asian countries to 400 million — or nearly 70% of the population, the report said. Five takeaways from Zalora's Trender report on SE Asia's ecommerce market. Digital payments as defined in the report include mobile wallets, account-to-account transfers and credit and debit cards. HashtageSport - Your sports commercial and digital marketing expert in Asia. We want to hear from you. Global growth is facing an unprecedented challenge this year due to stringent lockdown measures that have affected businesses and employment across the world. One of Asia’s biggest and most ambitious ecommerce startups, Lazada was originally founded by Rocket Internet in 2011. She added that there was encouraging evidence that much of that shift to digital consumption is here to stay. Viewing the Asian ecommerce trends, 2016 is projected as the year of mobile commerce. "We've been profoundly impacted by the global coronavirus but it has been heartening and encouraging to see that the resilience still exists in Southeast Asia's digital economy," Stephanie Davis, vice president for Southeast Asia at Google, said on CNBC's "Squawk Box Asia" on Tuesday before the report was officially released. November 7, 2019. Proactive, data-based, timely, transparent: oddity Asia is an awarded Five-Star TP with international bases in Shanghai, Taipei City and Stuttgart, Germany. On Aug 20, 2018. Along with Vietnam's fast growing e-commerce, we have established ourselves as leading express delivery provider for millions of online merchants and consumers. 201601019162 (1190099-H). The report said many of the new users came from non-metropolitan areas in Malaysia, Indonesia and the Philippines. Opportunities in e-commerce Malaysia| Digital Asia. It will explore how the economies of the Asia-Pacific region can advance digitalization while adjusting to the impact of the COVID-19 crisis to build more inclusive and resilient societies. on. +65 6681-6632 8 Jurong Town Hall Road, #25-02 The JTC Summit. 4. By. AISA develops localisation solutions to offer e-commerce and website localisation in ASEAN languages targeting e-commerce players and digital businesses. Here’s a market overview of Southeast Asia’s online space that everyone in the industry understands so far: The ecommerce market is expected to be worth 238 billion USD by 2025.; The region is still relatively young with only 1% of total retail GMV being generated online compared to 7.1% and 15.9% in the US and China. Investments into those sectors are growing. Correction: This story has been updated to correct the spelling of Aadarsh Baijal's name, which had been inaccurately written in a press release. Still, it is "entirely possible" the region could cross the $300 billion mark before 2025 if there are signs of notable economic recovery, Baijal said. Southeast Asia’s eCommerce Market Pulse. view results in: Articles; The Work; A-List; Main Navigation ... can bring digital shopping to life through mobile features like AR content and can encourage users to share these experiences with friends and family—a behavior that fits well in-line with Chinese consumers’ preferences to make purchasing decisions based on recommendations. Kantor Sahid Sudirman Center, Lt. 36 Jl. The first UNCTAD Asia eCommerce Week, the second regional edition after the Africa eCommerce Week, will be organized under the theme "Shaping the Digital Economy for All". Have a team of experts with years of experience inside different sectors of the sports industry. The 2020 version — the fifth installment — also added health technology and education technology as categories after the pandemic accelerated their growth. DMA partners with leading industry events that have a digital and technology focus to them. Work closely with sports clubs, professional players, legends and sports agencies. Service Desk Details. E-commerce in ASEAN: Digital technology and players. This Page is automatically generated based on what Facebook users are interested in, and not affiliated with … Digital Market Asia is a Singapore based media house that caters to the marketing community in the digital age. Sign up for free newsletters and get more CNBC delivered to your inbox. The internet economy already accounts for almost 3 percent of the region’s gross domestic product (GDP), and Google and Temasek project that this will rise to 8 percent by 2025. © 2019 Commerce DotAsia Ventures Sdn. Globally, the online food order industry has grown into a hyper-competitive field, which has led to consolidation as companies claw for a bigger slice of more than $300 billion in restaurant deliveries. Search for: About. The Commerce Bridge is a unified suite of products and services that fully enables end-to-end e-commerce in the distribution supply chain. We are located at the largest economy and wellspring of the Southeast Asia region. Southeast Asia saw a surge in the use of digital services like e-commerce, food delivery and online payment due to the coronavirus pandemic, according to a … Alibaba. Established in 2019, we are a company. Given these stats, it’s no wonder that a large percentage of the global B2C e-commerce sales comes from the Asia-Pacific sector. After the dot-com bust, native e-companies have seen promising and fast growth in their sector. All Rights Reserved. For international sellers, Asia-based marketplaces are the first gateway to this region of the world, so we have collected 16 platforms that are the core of Asian ecommerce in 2018. Skip to content. Customers and drivers for Grab Holdings Inc.'s GrabFood line up to collect orders at a Pisang Goreng Bu Nanik store in Jakarta, Indonesia, on Monday, July 15, 2019. Aadarsh Baijal, head of digital practice in Southeast Asia, at Bain & Company told CNBC that while the pandemic pushed more people to carry out online transactions this year, it does not necessarily mean they would spend more by 2025. Commerce.Asia Enterprise provides businesses with a one-stop solution to enable them to sell online. Malaysians spent US$236 million last year on purchases of video games, digital music, video-on-demand services (e.g. That pushed the total number of internet users in Southeast Asia to 400 million. Online shop, original: Adidas, Sport Stations, Nike, Mango, Marks and Spencer. The company’s flagship news portal, www.digitalmarket.asia, serves as a comprehensive source of news, views and analyses for all avenues of digital media, marketing and advertising. Jenderal Sudirman Kav. Shopping is easy and convenient on Mapemall. Southeast Asia’s eCommerce Market Pulse. More than more and more people are using smartphones and smart mobile devices to buy goods online. Overall, the region's internet sectors remain on track to cross $300 billion in GMV by 2025 — that prediction was first made last year before the coronavirus pandemic. Founded in 2012, Scommerce provide logistics services for merchants in Vietnam. Nguyen Hoanh Tien | CEO - Seedcom Sani Ahmed | VP, Head of Brand Service - The Purpose Group Jack Tran | Head Consultant, Ecommerce & Digital - SmartOSC Tan Huynh | Head of Data People - POPS Worldwide Thanyachat Auttanukune | Country … The training programme is called 'Open for … 1. Netflix), and digital news and magazines. Health technology and education technology sectors received a boost from the pandemic as many people turned to online health consultations while schools shifted to remote learning. Vietnam digital bank relaunches as e-commerce booms. 2. 1 year ago. 86 Digital Asia News Update. By Digital News Asia October 7, 2020 . As many as 40 million people in six countries across the region — Singapore, Malaysia, Indonesia, the Philippines, Vietnam and Thailand — came online for the first time in 2020, the report said. Platform for e-commerce players to learn, network, grow with one another; E-commerce is experiencing a boom in Southeast Asia. Thanks to digital transformation, ecommerce in other Asian countries such as Indonesia, Malaysia, Philippines, Singapore, Thailand, or Vietnam is also growing exponentially. The report looks at five main internet economy sectors in Southeast Asia including e-commerce, transport and food delivery, online travel, online media and financial services. The eCommerce market encompasses the sale of physical goods via a digital channel to a private end user (B2C). 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