Market Research Report
Asia B2C E-Commerce Market 2021
|Published by||yStats.com GmbH & Co. KG||Product code||989669|
|Published||Content info||86 Pages
Delivery time: 1-2 business days
|Asia B2C E-Commerce Market 2021|
|Published: February 10, 2021||Content info: 86 Pages||
"B2C E-Commerce market in Asia accelerated even further in 2020", says yStats.com.
The B2C E-Commerce market in Asia saw significant growth during the coronavirus pandemic and was expected to continue its leadership over other world regions. China maintains its role as a regional and global leader in the share of total retail sales attributed to online commerce. Moreover, as a result of consumers' shopping behavior shift towards online purchasing, numerous E-Commerce platforms generated considerable revenue since the start of the COVID-19 pandemic. There were several major players in the online market, Amazon, JD.com, Pinduoduo, Shopee, Lazada were among them. These platforms had a significant number of sales, a high inflow of new consumers and an increased number of visits over the last 6 months of 2020. Besides, to contribute to the development of online retail, some companies received investments and, thus, increased their value on the market. Many E-Commerce platforms also increased their cross-border selling, by operating abroad and introducing foreign retailers on their platform.
Although the Internet economy overall witnessed increasing value, the online travel gross merchandise value declined significantly in 2020, even by over 50% in some countries. Having said that, this sector's value was still projected to gain momentum and grow back gradually by 2025.
Alibaba Group Holding Ltd, JD.com Inc, Shopee, Amazon.com Inc, Rakuten Inc, Lazada Group, Pinduoduo Inc, IndiaMart, Flipkart Online Services Pvt Ltd.