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. From a country with Cash-on-Delivery as the main way to pay, joint promotions between banks. © Copyright 2020 BOXME GLOBAL. Shopee, the latecomer as an eCommerce platform, made a great advent in 2015. 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. This has stated the popularity as well as users density of Facebook in Vietnamese people’s favour. 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. Shopee, which is based in Singapore, was the most-visited e-commerce platform in the city-state as of the second quarter, the report said. –> Read more: Top E-Commerce Platforms In Vietnam To Sell Cross-Border. This year, the annual Nov 11 buying bonanza came with the e-commerce industry in the region enjoying rapid growth as the contagion and related lockdowns accelerated the digital shift in consumption. The sector is predicted to keep growing rapidly to reach $23 billion in 2025. Using a different research method, Google & Temasek announced that the GMV of Vietnam E-commerce in 2019 is $5 billion, growing at a CAGR of 81% since 2015. 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. 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. Southeast Asia is currently a very attractive market for companies involved globally in the e-commerce sector and smaller local players. Alibaba invested in Lazada in 2016 and acquired control of the company. S. Korea will boost vaccine air transport by easing dry ice rules, Iran upholds France-based journalist's death sentence, Iran says 'strategic' ties with Syria to grow further, Farmers protest across India against Modi's liberalization, Biden pick for national security chief sees chance for Iran deal. "Compared with last June, this led to more than 17 times the total GMV generated through livestreaming," she added. Liu said,"E-commerce is projected to grow to $300 billion by 2025, but has a penetration rate of less than 5 per cent among the 650 million people living in Southeast Asia." "We are definitely interested in collaborating with Chinese partners and have lots to learn from them," she said. Vietnam digital landscape in 2020 is looking forward for E-commerce players and E-wallet companies to push online shoppers towards online payment methods. 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. Chinese e-commerce giant JD.com will be the first online platform to accept the digital yuan. 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. Southeast Asia's e-commerce industry has seen rapid growth in recent years, and leading the momentum is Lazada, Alibaba Group's flagship online marketplace in the region. The advent of livestreaming can also be a cross-border opportunity to connect China with Southeast Asia. Shipping logistics platform Shippit today nabbed AU$30 million (approximately $22 million), bringing its total raised to over $31 million. Without written authorization from China Daily, such content shall not be republished or used in any form. She added that this presents huge opportunities for e-commerce companies. "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. (PHOTO PROVIDED TO CHINA DAILY). According to a report by Facebook and the global consultancy Bain & Co, 70 percent of consumers, or 310 million people, in the region are expected to have gone digital by the end of this year-a figure previously forecast for 2025. But until last year, Pang said nine out of 10 people she spoke to in Singapore were still unfamiliar with livestreaming. "The significant spike in online traffic and e-commerce continues. 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. There will be a luxury push. He was originally seconded to Lazada three years ago to overhaul the company’s technological infrastructure in an initiative dubbed, “Project Voyager.” –> Read more: Social Media Is Still A Major Shopping Platform In Vietnam. Television hostess Rungnapa Nuymuang promotes Chinese products by livestreaming on the Lazada platform in Bangkok, Thailand. This further conclude the stable development of Vietnam digital landscape in 2020. The broadcast attracted nearly 10,000 views in Southeast Asia. E-commerce surges across Southeast Asia. Vietnam gained an impressive 20 million Internet users over the course of 5 years. All rights reserved. Boxme is the premier E-commerce fulfillment network in Southeast Asia, enabling world-wide merchants to sell online into this region without needing to establish a local presence. Shopavision started its pre-launch marketing in December and is due to officially introduce its app before the end of this year. Here is a peek at all aspects of Vietnam digital landscape in 2020, presented to you by Boxme Global. "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. In Vietnam, 76 percent of consumers said they had done more shopping online in recent months, according to a survey by digital marketing company Criteo. As the Internet economy is booming, Vietnam is becoming a top destination for foreign investors. Srivorakul, from aCommerce, said logistics infrastructure in markets such as the Philippines and Indonesia is still in its infancy and is expensive. She added that this presents huge opportunities for e-commerce companies. The biggest gains-57 percent and 51 percent respectively-were made in the Philippines and Singapore, according to the report, which was produced in collaboration with SimilarWeb and App Annie. Tencent Holdings Ltd. and e-commerce powerhouse Alibaba Group Holding Ltd. Shares of Sea are up more than 300% this year, boosting Li’s net worth to more than $9 billion . (PHOTO / CHINA NEWS SERVICE) Vietnam digital landscape in 2020 is looking forward for E-commerce players and E-wallet companies to push online shoppers towards online payment methods. 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. Women in Southeast Asia contribute to 80% of all household buys, outshopping men by 20%, and spending 40% more time looking at online retailers, says a report from e-retailer Zalora. The platform now has a team of 30 livestream hosts. Lazada's Liu said that even before the pandemic started, Southeast Asia was undergoing rapid digitalization, and the contagion has accelerated this trend. >>> Read more: Vietnam eCommerce is heading for the period 2021 – 2025. 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. For eCommerce, even if the consumer confidence is slightly weakened, the longer-term outlook for Southeast Asia is still good. Many well-known department stores and malls, including Metro and Robinsons in Singapore and the Siam Center in Thailand, have also hopped on the digital bandwagon to help their tenants set up virtual storefronts through Lazada's platform. 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. On Nov 11 this year, Lazada even invited South Korean actor Lee Minho to be its first regional ambassador. 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. On the other hand, mobile usage and social media usage is on the rise compared to statistics from previous years. The information is gathered from various sources. Particularly, digital eCommerce of Vietnam witness a huge fluctuation in growth rate, online users, social platforms,.. 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 … It is expected to see in Vietnam digital landscape in 2020, a potential increase in international funding, investment of outsources inducting business in Vietnam. While Tiki and Sendo are local companies, Lazada and Shopee are international E-commerce platforms with wide coverage across Southeast Asia. KUALA LUMPUR (Oct 23): Malaysia, with its population of about 30 million people, is an attractive market for e-commerce in Southeast Asia due to its rapid economic growth and advanced digital technology infrastructure.In a report titled "The Next Wave" Emerging Digital Life in South and Southeast Asia released yesterday, Deloitte said the contribution of e-commerce to Malaysia's gross … The company is just one of many in the region's e-commerce industry to benefit from the pandemic. 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. In Indonesia, management consultancy RedSeer forecast that the gross merchandise value, or GMV, of the country's e-commerce sector would grow by 50 percent year-on-year to reach US$35 billion this year and would rise to US$101 billion by 2025. "Livestream commerce can work here (in Singapore), just like it did in China.". The number of Internet users in Southeast Asia, and particularly in the 6 largest ASEAN … The number of mobile and social users experienced even higher growth. The company also found that the "new normal" of working and learning from home triggered a significant rise in sales of books and computers. After a slow 2017, 2018 and 2019, saw rising numbers in both the number of deals and the total amount. The technology revolution is changing how customers shop forever with the switch from traditional brick-and-mortar stores to E-commerce. 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. 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 same report noted that vis-à-vis the rise of Southeast Asian middle … (The new customers) are not only limited to the tech-savvy generation, but also comprise the older generation, which you would not have targeted as a customer base as recently as last year," said aCommerce co-founder and group CEO Paul Srivorakul. All rights reserved. The way in which e-commerce is conducted has also diversified, Srivorakul said. Top 4 marketplaces in Vietnam are Tiki, Lazada, Sendo and Shopee. October 1, 2020 By Yang Han in Hong Kong. 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. Please click in the upper right corner to open it in your browser ! For Rachel Pang, the founder and CEO of online shopping portal Shopavision, increased digital consumption triggered by COVID-19 resulted in a "surprising opportunity" for her startup, which aims to be Singapore's first and only livestream-focused shopping site. The company says the … Since the pandemic emerged, the number of brands handled by Laz-Mall has tripled to more than 18,000 international and local names across the region, according to the company. The global average is 42 percent. Vietnam Ecommerce platform: Who to choose? –> Read more: Why Vietnam Is Your Next E-Commerce Stop. 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." PC/Laptop remains the most used device because of its working capacity. It's an exciting time to be in online commerce, and Asia is most definitely the world's growth engine for e-tailers and service providers big and small. Copyright 1995 - 2020. Television hostess Rungnapa Nuymuang promotes Chinese products by livestreaming on the Lazada platform in Bangkok, Thailand. Covid-19 and lockdown boost e-commerce in Southeast Asia. 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. Pulmuone Health & Living Naver Smart Store, Pulmuone‘s official online shopping site, is one of the websites where the products are sold. Now Tech: E-Commerce Enablers For Southeast Asia Marketplaces, Q4 2020 Forrester's Overview Of 16 E-Commerce Enablers. The value of Southeast Asia's e-commerce sector is estimated at $38 billion and is on track to surpass $150 billion by 2025. >>> Read more: The landscape of eCommerce in Vietnam in 2020, >>> Read more: [Infographic] Vietnam’s E-commerce landscape 202. In particular, Liu said the grocery sector has experienced exponential growth since the start of the pandemic. Facebook is still the mainstream online platform for people not only interact with each other but also conduct online business, online shopping there. According to the Zalora Trender report “Data Meets Fashion”, not only is the e-commerce … "Offline shopping will definitely grow back when the pandemic ends, but consumers will not forget the experience they have when doing their shopping online," Srivorakul said. Automotive e-commerce platform Carsome has announced the completion of its Series D fundraising in the amount of $30 million, led by Asia Partners, and joined by existing Carsome investors Burda Principal Investments and Ondine Capital.With over US$115mn raised to date, Carsome now looks to accelerate its regional expansion in Southeast Asia. In June, Lazada's livestreaming service LazLive attracted more than 74 million views, nearly three times the number for April, Liu said. As of Q2, 2020, the top e-commerce platforms in Southeast Asia are Shopee and Lazada.. Reaching 68.17 million by the end of 2019, it poses an Internet penetration rate of 70%. 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 As Parcel Monitor, we witnessed a spike in e-commerce demand particularly during the initial wave of the COVID-19 pandemic. 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. Vietnam is quick to catch on the E-commerce trends, expanding at an unprecedented rate, Vietnam eCommerce is heading for the period 2021 – 2025, The landscape of eCommerce in Vietnam in 2020, [Infographic] Vietnam’s E-commerce landscape 202, How to increase sales in Shopee with these 3 features. Data from we are social & hootsuite throughout the years indicated a stable growth for Vietnam E-commerce sector, from the number of users to total value. This is in sharp contrast to many other industries, which are reeling from the unprecedented economic pressure caused by COVID-19. Monday, November 30, 2020, 12:28 By Yang Han in Hong Kong. The total turnover reached 105 billion for this year. 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. 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. Jessica Liu, co-president and regional head of commercial at Lazada Group, said that in the second quarter of this year, orders on Laz-Mall, Lazada's business-to-customer virtual shopping platform, more than tripled year-on-year. 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. Southeast Asia: Revenue in the eCommerce market is projected to reach US$54,678m in 2020. >>> Read more: The landscape of eCommerce in Vietnam … 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. Shopee’s mobile-first approach paid out. On its way to becoming Thailand's first unicorn-a startup valued at more than US$1 billion-aCommerce operates across Southeast Asia in markets such as Indonesia, Malaysia and Singapore. A livestreaming hostess promotes products during a broadcast at a studio in Shanghai. 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. Shopee started Shopee Feed, a social feature on its app at the beginning of 2020. A mobile phone user browses the Shopavision site. 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. "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. (PHOTO / CHINA NEWS SERVICE). 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. " Southeast Asian Map of E-commerce Consumer Insights October 19, 2020 digitalinasia Leave a comment This latest online retail overview from iPrice compares Southeast Asia’s major e-commerce players based on their average quarterly traffic, mobile application ranking and also looks at general market trends. Lazada's Bangkok office. In Vietnam, the Philippines, Indonesia and Malaysia, nearly 60 percent of internet users turn to social media for more information about brands. (HECTOR RETAMAL / FOR CHINA DAILY). Home food deliveries and entertainment among the leading sectors. "The number of online shoppers has hit a new high (during the pandemic)," she said. The Asia eCommerce Awards 2020 recognise and reward excellence for both brands and agencies in their eCommerce efforts across Southeast Asia, South Asia and ANZ regions. Fashion & beauty competes head to head with Electronics & physical media for the best-selling category, while others  stay around the mark $500 million. As digital marketing is a large part of e-commerce, he said surging demand for online shopping has created several opportunities for such businesses to acquire new customers more easily. 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. 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. Stepping forward with the breakthrough technology development in recent years, Vietnam e-commerce has become a bright spot in Southeast Asia, Boxme Global would like to express our sincerest thanks to. 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. As one of the fastest-growing countries, Vietnam is quick to catch on the E-commerce trends, expanding at an unprecedented rate. By 2019, major e-commerce companies across the region has launched new features and promotions to introduce mobile shopping. Showing up latest to the party doesn’t stop Shopee from dominating the market due to its heavy promotions and competent logistics support. 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. Still, the report predicted Southeast Asia's internet sectors could witness strong growth and hit $100 billion in gross merchandize value (GMV) in 2020, with e-commerce … 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. 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. 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. And 2020 could bring a modest growth and stable prerequisites for eCommerce. Boxme Announcement: New Fulfillment Center In Hanoi, Vietnam. 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