World News: 12:55 GMT Monday 11th February 2019. [Research and Markets via Globe Newswire via SPi World News]
Dublin, Feb. 11, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering.
Over 50% of global online retail sales stems from Asia-Pacific region says new report indicates that over one half of total global online retail sales happens in the Asia-Pacific region. The report covers sales data, trends, payment preferences of consumers and other pertinent information about eleven economies of the region.Over 50% of all the online shopping for retail goods and services in the world takes place in the Asia-Pacific region, whose regional leaders, China, Japan, and South Korea are also among the global leaders in B2C E-Commerce. However, the regional growth leaders for the next 5 years are the markets of South and Southeast Asia, such as India, Indonesia, Thailand, Vietnam and the Philippines, as they grow from a recent low percentage of online shopping penetration.
A large part of the continuing growth of online retail throughout the Asia-Pacific region is due to the spread of Internet connectivity through mobile devices, especially smartphones. The report says that over three-fourths of E-Commerce in the region is M-Commerce, and merchant apps account for more than half of purchases made through a mobile device.Because of the success of E-Commerce in the Asia Pacific region, competition among online merchants is intense. The regional leaders are China's Alibaba and JD.com but Amazon is attempting to ride the wave of E-Commerce with expansion in the region. Multiple local and regional players also work the Asia-Pacific online retail market, as revealed in the report.
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Globe Newswire: 12:55 GMT Monday 11th February 2019
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