–> Read more: Top E-Commerce Platforms In Vietnam To Sell Cross-Border. All rights reserved. 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. On Nov 11 this year, Lazada even invited South Korean actor Lee Minho to be its first regional ambassador. She added that this presents huge opportunities for e-commerce companies. Without written authorization from China Daily, such content shall not be republished or used in any form. 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. Srivorakul added that social commerce is another growth channel, with brands offering their employees, influencers and store associates incentives such as commission to sell to their social networks. Business across the entire value chain, from supply chain, logistics, marketing and customer service to e-commerce enablers, is growing significantly," Srivorakul said. The platform now has a team of 30 livestream hosts. Shopee, the latecomer as an eCommerce platform, made a great advent in 2015. >>> Read more: Vietnam eCommerce is heading for the period 2021 – 2025. However, she said the region faces a number of challenges in developing e-commerce, ranging from the lack of a logistics and payment infrastructure to numerous consumer preferences, as well as cross-border concerns. Shippit secures investment to support South-East Asia expansion Dec 7, 2020 | E-Commerce , Retail | 0 Australian e-commerce and logistics technology company Shippit has raised an AU$30 million (US$22 million) Series B equity round led by US-based technology investment firm Tiger Global alongside local representative Jason Lenga. The company is taking part in another real-world test of the central bank digital currency in the city of Suzhou, about 100 km west of Shanghai, CNBC reports.. A total of 20 million yuan ($3 million) will be issued via a lottery, according to a WeChat post by JD Digits, JD.com’s fintech arm. Overall e-commerce is also predicted to rise by 35 per cent to 220 billion baht (US$7.03 billion) in 2020, according to Priceza, a Thai price comparison shopping website. The same report noted that vis-à-vis the rise of Southeast Asian middle … "We are definitely interested in collaborating with Chinese partners and have lots to learn from them," she said. Shopee started Shopee Feed, a social feature on its app at the beginning of 2020. 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. (PHOTO / CHINA NEWS SERVICE). The feature has taken off rapidly in China and all over Asia by providing entertainment and the interactive element that online shopping lacks, growing to be a USD 16.3 billion market in 2020. By 2019, major e-commerce companies across the region has launched new features and promotions to introduce mobile shopping. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily. It is expected to see in Vietnam digital landscape in 2020, a potential increase in international funding, investment of outsources inducting business in Vietnam. 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. From a country with Cash-on-Delivery as the main way to pay, joint promotions between banks. PC/Laptop remains the most used device because of its working capacity. Southeast Asia: Revenue in the eCommerce market is projected to reach US$54,678m in 2020. The advancing of e-commerce onto mobile applications has been on-going in Southeast Asia for some time. Copyright 1995 - 2020. E-COMMERCE DELIVERY OVERVIEW IN SOUTHEAST ASIA The first half of 2020 has been a rollercoaster ride for global and regional e-commerce logistics, setting off supply and demand shocks throughout the industry. As one of the fastest-growing countries, Vietnam is quick to catch on the E-commerce trends, expanding at an unprecedented rate. In Thailand, e-commerce solutions company aCommerce reported year-on-year growth in new customers of between 150 percent and 200 percent during the pandemic. " Pang, from Shopavision, who is eager to expand to other Southeast Asian markets such as Malaysia, Indonesia and Thailand, said she hopes to make livestream commerce an integral part of people's lifestyles in the region, as is the case in China. But until last year, Pang said nine out of 10 people she spoke to in Singapore were still unfamiliar with livestreaming. It attracted more than 40 million users during its Singles Day sale, with its sales surpassing US$100 million soon after the promotion began at midnight, less than half the time it took to reach this figure last year, according to the company. Television hostess Rungnapa Nuymuang promotes Chinese products by livestreaming on the Lazada platform in Bangkok, Thailand. 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. We deliver our services by aggregating and operating a one-stop value chain of logistic professions including: International shipping, customs clearance, warehousing, connection to local marketplaces, pick and pack, last-mile delivery, local payment collection and oversea remittance. E-commerce surges across Southeast Asia. Published by Molly Moore, Oct 15, 2020 This statistic presents the value of the e-commerce market in Southeast Asia from 2015 to 2019 and a forecast for 2025. "Over the past four years, I've seen the growth of livestream commerce, as well as the new retail concept in China," said Pang, an observer of digital and business trends and a frequent traveler to China for market research. Television hostess Rungnapa Nuymuang promotes Chinese products by livestreaming on the Lazada platform in Bangkok, Thailand. "In the past six months, we have seen an increase in new brands and sellers adopting an online retail approach, from food and beverages, to hospitality, recreation and personal services, as leading global and regional brands give their retail mix a digital overhaul," Liu said. Srivorakul, from aCommerce, said logistics infrastructure in markets such as the Philippines and Indonesia is still in its infancy and is expensive. A mobile phone user browses the Shopavision site. And 2020 could bring a modest growth and stable prerequisites for eCommerce. Consumers in emerging Southeast Asian markets are conducting more brand research on social media, according to a report by the agency We Are Social, which is based in London, and Hootsuite, a social media management platform. The sector is predicted to keep growing rapidly to reach $23 billion in 2025. The information is gathered from various sources. In Vietnam, the Philippines, Indonesia and Malaysia, nearly 60 percent of internet users turn to social media for more information about brands. Particularly, digital eCommerce of Vietnam witness a huge fluctuation in growth rate, online users, social platforms,.. At a turning point in terms of Internet and mobile penetration, the population of Southeast Asia is quickly adapting its behaviors to take advantage of new opportunities available in purchasing products and services online. Now Tech: E-Commerce Enablers For Southeast Asia Marketplaces, Q4 2020 Forrester's Overview Of 16 E-Commerce Enablers. "Brands are not only doing it on e-marketplaces, but on 'brand.com'as well, where we can see volume growing two to three times faster than on e-marketplaces," he said. 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 … Lazada's Bangkok office. Shippit banks $30m for south-east Asia raid HealthMatch raises $18m as patients go online for clinical trials Equity Venture Partners closes $50m for third VC fund According to a recent report by price comparison and product aggregating website iPrice Group, website traffic for online general department stores in Indonesia, Thailand, Malaysia, and Singapore rose by 18% in the first half of 2020, compared with the second half of last year. 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." An increasing number of internet users in Southeast Asia frequently order products on e-commerce platforms, with e-commerce revenue estimated to exceed 20 billion in 2020. Tokopedia, based in Jakarta, the Indonesian capital, and also backed by Alibaba, said in a statement early last month that food and beverage sales have nearly tripled during the pandemic. The way in which e-commerce is conducted has also diversified, Srivorakul said. 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. The company says the … During its first livestreaming session with a crab farm in Singapore, Pang said the portal helped sell live seafood on the spot, registering sales totaling $6,000 in just two hours, in addition to providing an educative and experiential tour of the farm. The concept of the Singles Day online shopping festival was first promoted by Chinese e-commerce platforms and was introduced to Southeast Asian markets by Lazada in 2012. As of Q2, 2020, the top e-commerce platforms in Southeast Asia are Shopee and Lazada.. 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. 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. Lazada's Liu said that even before the pandemic started, Southeast Asia was undergoing rapid digitalization, and the contagion has accelerated this trend. 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. All rights reserved. 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." Due to the COVID-19 pandemic this year, the e-commerce sector in Southeast Asia has grown substantially. Facebook is still the mainstream online platform for people not only interact with each other but also conduct online business, online shopping there. Li is no stranger to Southeast Asia’s e-commerce landscape – and the opportunities it presents – having previously served as president of Lazada as well as CEO of Lazada Indonesia. Liu, from Lazada, said other critical factors driving the digital shift and redefining the e-commerce shopping experience include livestreaming and the use of artificial intelligence and algorithms to provide better shopping services. "The number of online shoppers has hit a new high (during the pandemic)," she said. In the first half of this year, the average value of an order throughout the region rose by 23 percent year-on-year to US$28.50, according to a report by e-commerce aggregator iPrice, which is based in Malaysia. "Compared with last June, this led to more than 17 times the total GMV generated through livestreaming," she added. As Parcel Monitor, we witnessed a spike in e-commerce demand particularly during the initial wave of the COVID-19 pandemic. There will be a luxury push. 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