E-Commerce

Online Shopping: The New Reality

While shopping online isn’t something new, the current health crisis brought about by the COVID-19 pandemic has changed the way people are now purchasing their necessities. The coronavirus pandemic, which first emerged late last year in the city of Wuhan in China, has infected more than one million people worldwide. Numerous countries have imposed drastic measures to contain the virus. These strategies include citywide lockdowns and travel curbs.

10 April 2020
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Can AI give retail a boost?

The retail industry has undergone multiple transformations during the past century, with those who adapt and innovate continuing to survive. It also helps if one is exceptionally unique. It seems that the world's consumers have gotten a little tired from having to explore multiple shopping locations to find what they want or need.

13 February 2020
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ASEAN Unicorns On The Rise

ASEAN’s attractive investment market, along with an expansive digital environment has led to the emergence of a vibrant start-up ecosystem across the region.

19 January 2020
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Obstacles To Myanmar’s Growth In 2020

The ASEAN Post recently published an article on whether 2020 will be a good year for Myanmar’s economy. That article noted that the ASEAN +3 Macroeconomic Research Office (AMRO) had given Myanmar’s economy a positive outlook for the fiscal year of 2019 to 2020; expecting it to expand by 7.1 percent up from 6.8 percent in the previous fiscal year.

12 January 2020
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Indonesia: An e-commerce success story

Indonesia is one of the region’s best success stories. Despite having faced economic turmoil in the 1997 Asian Financial Crisis under the authoritarian Suharto regime, Indonesia is today one of the fastest growing economies in the world.

10 December 2019
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ASEAN gets ready for Singles’ Day shopping event

The annual 11.11 Singles’ Day Sale has become an event for both shoppers and e-commerce merchants across Southeast Asia, recording online sales that exceed all expectations. Singles’ Day came to be after students at the Nanjing University in China, started celebrating their singledom, in what was known as anti-Valentine’s Day back in the 1990s. Singles’ Day was then adopted by e-commerce giant, Alibaba, in 2009.

10 November 2019
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Digital Transformation And China’s Businesses

China’s digital transformation is touted by many economists and trade experts as the single largest contributor to the country’s gross domestic product (GDP) growth between now and 2025. That explains why most companies in China are transitioning from traditional ways of doing business to more efficient digitised business models. This transition is precipitating many changes, most notable of them all being the adoption of a customer-centric management style.

9 November 2019
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E-commerce spending expected to triple in ASEAN

Digital consumers in ASEAN will be spending three times as much in 2025 according to a new study from Facebook and Bain & Company.The joint study by the social media giant and global management consultants released this week found that while consumers in Southeast Asia spent US$125 on average on online purchases in 2018, that sum is expected to more than triple to US$390 in 2025.Highlighting increasing choices, better internet access and rising affluence as factors that will continue

22 October 2019
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E-commerce threat for Myanmar’s jade

As if human rights abuses, corruption charges and deadly landslides haven’t hurt the industry enough, Myanmar’s multi-billion-dollar jade and gemstone industry now has to deal with the challenges of e-commerce.Myanmar produces 90 percent of the world’s jade and is a major player in the global gem economy, but poor regulations mean up to two-third of the country’s production is possibly not subjected to tax according to a report by the Natural Resource Governance Institute (NRGI) in March.The

19 October 2019
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Southeast Asia’s Internet Economy Booming

Southeast Asia’s internet economy has reached US$100 billion for the first time and is expected to triple by 2025.This year’s edition of the e-Conomy Southeast Asia report released by Internet giants Google, Singaporean sovereign wealth fund Temasek and global consultancy firm Bain & Company last week showed how Southeast Asia’s internet economy has more than tripled in size over the last four years amidst a fundamental shift in the way people shop, eat and get around. Southe

8 October 2019
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Going cashless in Myanmar

Around 64 percent of consumers in Southeast Asia are confident of going cashless for a full day, highlighting the region’s strong drive towards digital payments.And while almost half of ASEAN’s citizens in a recent survey by Visa are confident they can go cashless for up to three days, awareness of cashless payment systems in Myanmar is still relatively low.Although more than 40 percent of the survey’s respondents expect to utilise cashless payment in the coming year, awareness of contactless

5 October 2019
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