APAC CIOOutlook

Advertise

with us

  • Technologies
      • Artificial Intelligence
      • Big Data
      • Blockchain
      • Cloud
      • Digital Transformation
      • Internet of Things
      • Low Code No Code
      • MarTech
      • Mobile Application
      • Security
      • Software Testing
      • Wireless
  • Industries
      • E-Commerce
      • Education
      • Logistics
      • Retail
      • Supply Chain
      • Travel and Hospitality
  • Platforms
      • Microsoft
      • Salesforce
      • SAP
  • Solutions
      • Business Intelligence
      • Cognitive
      • Contact Center
      • CRM
      • Cyber Security
      • Data Center
      • Gamification
      • Procurement
      • Smart City
      • Workflow
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Artificial Intelligence

    Big Data

    Blockchain

    Cloud

    Digital Transformation

    Internet of Things

    Low Code No Code

    MarTech

    Mobile Application

    Security

    Software Testing

    Wireless

  • E-Commerce

    Education

    Logistics

    Retail

    Supply Chain

    Travel and Hospitality

  • Microsoft

    Salesforce

    SAP

  • Business Intelligence

    Cognitive

    Contact Center

    CRM

    Cyber Security

    Data Center

    Gamification

    Procurement

    Smart City

    Workflow

Menu
    • Cyber Security
    • Hotel Management
    • Workflow
    • E-Commerce
    • Business Intelligence
    • MORE
    #

    Apac CIOOutlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIOOutlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    Emerging E-commerce Trends in APAC

    Witnessing this, CNBC reported an 8 percent rise in Gross Merchandise Volume (GMV) of Alibaba for its annual retail bonanza, Singles Day.  

    Emerging E-commerce Trends in APAC

    By

    Apac CIOOutlook | Tuesday, January 11, 2022

    Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.

    In the wake of the Covid-19 pandemic, how ecommerce in the APAC region is changing rapidly and a brief note on its new emerging trends.

    FREMONT, CA: APAC region is packed with the most dynamic, innovative, and fast-moving markets, such as China, the largest ecommerce market in the world, to near-total internet connectivity markets like South Korea, and high ecommerce penetration and immense potential for growth markets like Indonesia. Witnessing this, CNBC reported an 8 percent rise in Gross Merchandise Volume (GMV) of Alibaba for its annual retail bonanza, Singles Day. A total of 540.3 billion yuan - up from 498.2 billion yuan last year - was bought in by the tech and ecommerce giants. However, this 8 percent rise shows the slowest yearly growth rate since the event began despite the factors like slowing economy and intense scrutiny from regulators, who are also focusing on cracking down on China's tech giants and extravagant displays of wealth and spending. Due to this, Singles Day 2021 was carried out as a restrained affair, which concentrated on sustainability and social responsibility.

    However, China's strong appetite for commerce can be seen as GMV continued its growth despite these headwinds. Similarly, JD.com, a rival competitor of Alibaba, also experienced impressive growth of 28 percent yearly, with transaction volume reaching 349.1 billion yuan in 2021 from 271.5 billion yuan in 2020. JD.com also further reported that users from lower-tier markets accounted for 77 percent during Singles Day, while Alibaba reported a 25 percent rise from last year in the spending from lower-tier cities from 1st to 3rd November. Moreover, a record number of luxury brands were also taking part in Singles Day, with JD doubling down on new fashion items across the flagship stores of over 300 luxury brands for Singles Day. Additionally, Korea reported its largest value in the three months to September 2021 of online transactions on record after higher Covid'19 case numbers affect consumer habits.

    More in News

    The Journey Towards Smart City Development

    The Journey Towards Smart City Development

    Harnessing Big Data Analytics to Enhance Business Strategies

    Harnessing Big Data Analytics to Enhance Business Strategies

    AI's Role in Apac's Digital Transformation Journey

    AI's Role in Apac's Digital Transformation Journey

    Impact of Digital Transformation on Retail

    Impact of Digital Transformation on Retail

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Copyright © 2025 APAC CIOOutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    Home |  CXO Insights |   Whitepapers |   Subscribe |   Conferences |   Sitemaps |   About us |   Advertise with us |   Editorial Policy |   Feedback Policy |  

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/emerging-ecommerce-trends-in-apac-nwid-8746.html