E-Commerce in Asia-Pacific is not showing any signs of slowing down. Over the past decade it has outpaced the global average and according to the Asia-Pacific B2C E-Commerce Market 2018report, over 50% of global online retail sales stems from Asia-Pacific region. China, Japan and South Korea are among the global leaders for B2C E-Commerce and countries in South and Southeast Asia, such as India, Indonesia, Thailand, Vietnam and the Philippines will be regional growth leaders for the coming 5 years. One main reason for this growth is the mobile internet speed in the Asian region. The report states that three-fourths of E-Commerce in Asia is from M-Commerce.
Research house Mintelprojects E-Commerce will account for 31.4 per cent of total Asia-Pacific retail spending by 2020. Matthew Crabbe, who is regional trends director, Asia-Pacific, with Mintel, said “The online economy is a crucial part of Asia-Pacific’s current and future economic growth. It is also a major part of the continuing integration of the economies and consumer-spending patterns across the region”. The future in Asia is looking more integrated and online as ever and this opens windows of opportunities for many businesses.
Going hand in hand with this E-Commerce boom, are some businesses who are enhancing the service and experience for the end user. One of these services is Popbox (https://www.popbox.asia/) which is located located in Indonesia and Malaysia. They allow businesses and customers to use their lockers so people can pick up their purchases goods using their smartphone. Their main selling point is location with lockers available in almost every district in Indonesia and Malaysia. Another noteworthy one is Commerce.Asiawhich help businesses when they want to start selling online. Their vast network allows them to help every business to take advantage of the huge E-Commerce market in Asia.
The future is looking bright in Asia for the online retail space and we want your idea to reach out to the ever growing online Asian population.
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