MALAYSIA E-COMMERCE MARKET TO GROW BY 10.6% IN 2021
MALAYSIA E-COMMERCE MARKET TO GROW BY 10.6% IN 2021 - The Malaysian e-commerce market, one of the fastest growing in the Southeast Asia, is expected to register a strong growth of 10.6% in 2021 due to an accelerated shift towards online shopping among consumers caused by the COVID-19 pandemic, forecasts GlobalData, a leading data and analytics company. Nikhil Reddy, Payments Senior Analyst at GlobalData, comments: “Malaysia’s e-commerce market registered a robust growth for the last few years supported by rising Internet and smartphone penet…
E-COMMERCE MARKET IN SOUTH KOREA TO SURPASES US $242 BILLION IN 2025
E-COMMERCE MARKET IN SOUTH KOREA TO SURPASES US $242 BILLION IN 2025 - South Korea’s e-commerce market ranks among the most developed in the world and has been on a sustained growth for the past few years. Supported by the country’s robust technology infrastructure, which ensures the availability of high-speed Internet as well as a significant number of tech-savvy customers, the trend is forecast to continue over the next few years to reach KRW263.5 trillion (US$242.2bn) in 2025, says GlobalData, a leading data and analytics company. Accordi…
E-COMMERCE MARKET IN CHINA WILL REACH US$3 TRILLION IN 2024
E-COMMERCE MARKET IN CHINA WILL REACH US$3 TRILLION IN 2024 - The Chinese e-commerce market is set to register a strong compound annual growth rate (CAGR) of 12.4% from CNY13.8 trillion (US$2.1 trillion) in 2021 to CNY19.6 trillion (US$3.0 trillion) in 2024, forecasts GlobalData, a leading data and analytics company. According to GlobalData’s E-Commerce Analytics, e-commerce sales in China are expected to register a robust growth of 17.2% in 2021, as consumers increasingly shift from offline to online due the COVID-19 pandemic. Nikhil Reddy,…
HONG KONG'S E-COMMERCE GROWTH WILL CONTINUE BEYOND COVID-19 PANDEMIC
HONG KONG'S E-COMMERCE GROWTH WILL CONTINUE BEYOND COVID-19 PANDEMIC - E-commerce sales in Hong Kong are forecasted to register a strong growth of 11.1% in 2021, as consumers are increasingly opting for online purchases, says GlobalData, a leading data and analytics company. According to GlobalData’s E-Commerce Analytics, e-commerce sales in Hong Kong are expected to grow at a compound annual growth rate (CAGR) of 8.3% from HK$178.0bn (US$22.9bn) in 2021 to HK$226.0bn (US$29.0bn) in 2024. Nikhil Reddy, Banking and Payments Analyst at Glo…
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