Live retail ecommerce sales in the region (including Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam) surged from $1 billion before the pandemic in 2019 to $13 billion in 2022, according to research firm Cube Asia.
Report
| Jul 14, 2023
Last year, four of the 28 markets we break out saw negative growth (Hong Kong, Singapore, Thailand, and Chile), and Germany was essentially flat. This year, every country will grow ecommerce sales by at least 3.0%, as the trend of economic stabilization cascades around the world. The US, China, and Western Europe lead the rest of the world in total sales by a wide margin.
Report
| Feb 27, 2024
While only two countries among the 28 we track will see a contraction this year, Singapore and Hong Kong will be barely positive. Chile will also post negative growth in total retail, the only country with that unfortunate distinction. Indonesia is an emerging digital economy star and has quickly ascended the ecommerce penetration rankings.
Report
| Aug 11, 2023
Southeast Asia is home to the three fastest-growing ecommerce markets in the world. This year, Singapore will post 36.0% digital sales growth, while Indonesia will see an increase of 34.0% and the Philippines, 25.9%.
Article
| Jul 29, 2022
Brazil will also be home to the world’s third-most-penetrated cross-border buyer market this year, behind only Singapore and Canada, per our forecast. Listen Next. Around the World: Economic effects on retail and ecommerce. Around the World: The international forecasts of past (2023), present (now), and future (2024).
Report
| Feb 9, 2024
Our digital user estimates for Southeast Asia, which we currently define as Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam, are updated on an annual basis to continually incorporate the latest changes and developments in consumers’ technology adoption.
Report
| Mar 30, 2023
Stripe launched its in-store POS system in Singapore as the wider region sees growing digital payment use and demand for unified commerce.
Article
| Jun 6, 2022
Thailand and Singapore are the next most interesting options. By 2026, Thailand’s ecommerce market will near $20 billion. Singapore will remain small, but by then, over 15% of its retail sales will transact digitally—an enticing figure for such a wealthy population.
Report
| Mar 9, 2023
Southeast Asian neobank could gain traction with SMBs: Singapore-based YouTrip is expanding to businesses, with a corporate card as its inaugural product, and is well-positioned to benefit from the region’s abundance of smaller businesses.
Article
| Dec 1, 2021
The etailer is taking a more aggressive approach after imposing surcharges in Australia and Singapore.
Article
| Nov 18, 2021
Meta is already taking steps in this direction with WhatsApp, where users in Singapore can use Stripe to pay local merchants via chat. As Facebook’s user growth slows, bringing messaging back would return an important feature of super apps to the mothership. US Messenger user growth is at a standstill.
Report
| Jul 6, 2023
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| Feb 21, 2024
Source: Insider Intelligence | eMarketer
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| Jan 24, 2024
Source: Insider Intelligence | eMarketer
While US regulators work to find their crypto footing, regulators in the EU, Singapore, and the UK are opening doors to crypto innovation by providing the clarity payment participants need to invest and innovate. The lack of clarity in the US impedes crypto payment adoption there—and risks it being left behind. Incumbents could dominate crypto payments’ future.
Report
| May 18, 2023
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| Nov 15, 2023
Source: Insider Intelligence | eMarketer
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| Nov 15, 2023
Source: Insider Intelligence | eMarketer
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| Nov 15, 2023
Source: Insider Intelligence | eMarketer
Asia-Pacific is the most coveted region worldwide for its digital video streaming growth. And the OTT video segment has been gaining steam as audiences increasingly crave high-quality content. However, players have had to stay innovative as they cope with an array of business challenges that comes along with this diverse region.
Report
| Nov 15, 2023
Forecasts
| Oct 31, 2023
Source: Insider Intelligence | eMarketer
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| Oct 8, 2023
Source: Insider Intelligence | eMarketer
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| Sep 20, 2023
Source: Insider Intelligence | eMarketer
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| Sep 20, 2023
Source: Insider Intelligence | eMarketer
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| Feb 1, 2024
Source: EMARKETER
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| Aug 24, 2023
Source: Insider Intelligence | eMarketer
Chart
| Jan 16, 2024
Source: Google; Ipsos