Southeast Asia E-commerce Business Intelligence

May 24, 2017

May 23, 2017

VIETNAM SEES RISE IN MOBILE E-COMMERCE

By January 2017, there were almost 47.2 million mobile internet users in Vietnam, which was half of the country’s population, according to the report “Vietnam Digital Landscape 2017” by We Are Social.

The report reveals that around 39% of the population have purchased products or services online, and 29% of them have placed at least one online order via a mobile device.

It also shows the total value of the country’s e-commerce market was estimated at about 1.8 billion USD in 2016. [Read more]

Our Projects

July 2016​

Strategic review for the financial SSC of an agricultural company.

April 2016

Strategic plan and new Information Systems outlines for the Tunisian postal operator.

April 2016

Analysis of the market and its players for the Vietnamese mobile business.

November 2015

Creation of an internal headhunting company for a big agricultural company (US$ 6 billions).

October 2015 

Launch of the weekly ASEAN e-commerce Business Intelligence report.  <See more>

May 23, 2017

SINGAPORE AND WORLD BANK’S IFC TO SUPPORT FINTECH DEVELOPMENT IN SOUTHEAST ASIA

The International Financial Corporation (IFC), which is part of the World Bank Group, and the Monetary Authority of Singapore (MAS), have signed a memorandum of cooperation with the goal of developing the ASEAN Financial Innovation Network (AFIN).

The entities plan on building the network to enable broader adoption of financial technology (fintech) innovation, as well as to improve economic integration within the ASEAN area’s borders.

The regional network will assist financial institutions, fintech companies, and regulators in addressing issues related to connectivity, local compliance, and cross-border compatibility. [Read more]

May 19, 2017

 

ASEAN INTERNET ECONOMY WORTH $50B, HOME TO 230M DIGITAL CONSUMERS

The number of digital consumers in South-east Asia has surged by 50% to 230 million in the past year, helping to boost the region’s Internet economy to more than US$50 billion, according to Bain & Company's Digital Acceleration in Southeast Asia report.

Travel and tourism was the leading driver of the region's digital economy, accounting for US$22 billion of the total digital spend in 2016.

The e-commerce sector generated US$15 billion, while media and entertainment churned US$3 billion and digital advertising (on websites, in-app, and search) was worth US$ 2 billion. [Read more]

May 22, 2017

ANT FINANCIAL ENTERS MALAYSIAN MARKET VIA 7-ELEVEN PARTNERSHIP

Financial affiliate of Alibaba Group, Ant Financial Services has entered the Malaysian market via a partnership with U.S. based convenience store chain 7-Eleven.

Under the agreement, 2,100 7-Eleven stores in Malaysia will accept payments using Ant Financial's third-party online payment service Alipay. It will allow Chinese tourists who have Alipay account to pay by scanning QR codes at the retail stores.

Douglas Feagin, vice president at Ant Financial, said the introduction of Alipay will make it more convenient for Chinese tourists traveling overseas, and it is a great chance for local Malaysian merchants to accommodate increasing demand. [Read more]

May 24, 2017

BLOCKCHAIN PLATFORM COINS RAISES $5M TO FOCUS ON REGIONAL GROWTH

Phillippines-based Coins has secured $5 million from Naspers through its Naspers Ventures division. This round brings the total amount raised in Series A to more than $9.4 million.

With the fresh inflow of funds, the startup will focus on boosting its regional growth. In addition, it will be setting up more cash-based services and partnerships to further serve its customers. [Read more]

May 22, 2017

LAZADA TO BUILD MORE HUBS, LOGISTICS INFRASTRUCTURE NATIONWIDE

Lazada is looking into building more hubs and logistics infrastructure nationwide in the Philippines to deliver growing orders for groceries, pet supplies and telco loads.

The company is exploring the market further to set gauges that target profitable areas for hub expansion. Lazada Philippines aims to complete the construction of additional hubs this year.

“For now, it’s mainly based on drop density. For example, there should be a specific minimum number of deliveries for a particular area before we put motorcycle drivers or warehouses there,” said Lazada cofounder and CEO for the Philippines Inanc Balci. [Read more]

May 23, 2017

PERFORMANCE MOTORS LIMITED (PML) LAUNCHES MPOS PAYMENT IN THEIR SINGAPORE SERVICE CENTRE

Performance Motors Limited (PML), the dealer of BMW cars and motorcycles in Singapore, has launched a new mobile Point-of-Sale (mPOS) technology designed by Wirecard, the leading company for payment and internet technology.

The first of its kind for the automotive industry in Singapore, the technology enables quick and seamless payment transactions and is fully certified by Visa and Mastercard.

"The mPOS solution from Wirecard enables our customers to enjoy streamlined payment processes and, as a result, more time to engage with our Customer Service Advisors," said Horst Herdtle, Managing Director of Performance Motors Limited. [Read more]

May 24, 2017

INDONESIA ONLINE SALES IS EXPECTED TO JUMP DURING THIS YEAR'S RAMADAN

Indonesian online marketplace and e-commerce sites are set for their biggest sales period of the year as the Islamic holy month of Ramadan approaches.

According to findings by the Indonesian Retailers Association (Aprindo), spending rates were 30 percent higher during the fasting month last year than during any other period, Google Indonesia's e-commerce head Henky Prihatna said.

Indonesians typically purchase clothing, household items and electronic devices during the fasting period, according to Google search inputs during last year's Ramadan. Although Google does not disclose the total number of search inputs registered on its database for privacy reasons, Henky said searches for household items and electronic devices in the country nearly doubled during last year's Ramadan. [Read more]