The combined value of B2C e-commerce in six Southeast Asian countries is forecast to almost triple from $19bn in 2018 to $53bn in 2023, according to a new report that highlighted the emergence of Chinese tech giants as they seek to capitalise on the region’s potential.
Research firm Forrester predicted that online retail in the six markets of Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam will grow at a compound annual growth rate (CAGR) of 23 percent over the next five years.
MySale Group (LON:MYSL) is a leading international online retailer with established retail websites in Australia, New Zealand, South-East Asia and the United Kingdom. Founded in 2007, the Group provides customers with access to outstanding brands and products at discounted prices whilst simultaneously providing brand partners unique international inventory and sales solutions.
