Terry KS 23 November 2020 – The latest annual Facebook Inc. and Bain & Co. reveals that there will be 310 million digital consumers in Southeast Asia by the end of this year.
The study also found that Southeast Asian consumers are moving into online purchase due to the physical distancing measures imposed during the Covid-19 pandemic in the region and close to half of the respondents saying they now shop for packaged groceries via e-commerce.
The total online retail spending is projected to reach US$53 billion in 2020 before tripling to US$147 billion or average online spending per person is US$429 by 2025
The study also found that the popularity of e-wallets has been increased from 14% in 2019 to 22% in 2020 among the respondents in the region.
Asia Television News and dBazzar Collaborate to Boost Media Exposure for Malaysian SMEs and Tourism Industry 
Amazon Global Selling Offers Over RM218,000 as an Incentive Benefit to Help Malaysian Companies Drive Their Cross-Border E-Commerce Journey 
E-commerce a Covid Lifeline for Retailers with Additional RM3,720 Billion Spent Online Globally 
BEST Inc. Launches China-Malaysia Cross-Border E-Commerce Logistics Service in Partnership with Cainiao Ahead of Double 11 Shopping Festival 
Taiwan’s Largest e-Commerce Group Launches PChomeSEA Cross-Border Service to Bring Millions of Quality Taiwanese Products to the Southeast Asian Market 
LightInTheBox.com Adds Three New Languages for ASEAN Market