Chinese e-commerce giants dominate Southeast Asia’s online shopping

Chinese online shopping platforms have taken control of roughly half the internet retail business in multiple Southeast Asian nations, marking a major shift in the region’s digital commerce landscape, according to new findings from consulting firm Bain and Company released ￰0￱ report shows that in Indonesia, Thailand and the Philippines, Chinese-owned platforms including Alibaba, TikTok Shop from ByteDance, Shein and Temu from PDD now make up about 50% of local online retail activity based on 2024 ￰1￱ companies have also established positions in growing internet shopping markets stretching from the United States to ￰2￱ research arrives as Chinese businesses speed up worldwide growth efforts while facing slower economic expansion at home and increasing trade friction between Washington and Beijing.

“Far from being killed by tariffs, the internationalization of Chinese retail is entering a new phase,” the report ￰3￱ authors noted these Chinese merchants have typically done better “in markets with lower online purchasing power.” Singles Day goes global Bain highlighted that Alibaba’s Taobao platform is bringing its Singles Day shopping event to 20 regions this year, turning what was once purely a China-focused promotion into a global shopping occasion that now competes with Amazon. com’s Black Friday sales ￰4￱ the extent of past international Singles Day promotions remains unclear, the recent expansion is ￰5￱ year, Taobao in Malaysia said it would promote the shopping event in English for the first time alongside Chinese.

Alibaba’s overseas operations , known as its “International Digital Commerce Group,” posted revenue of 34.74 billion yuan ($4.85 billion) for the three months through June 30, showing 19% growth compared to the same period a year ￰6￱ figure slightly exceeded what the company’s cloud computing division earned but remained well below the 140.07 billion yuan in sales from Alibaba’s China e-commerce operations, which grew at a slower 10% ￰7￱ Amazon. com, Alibaba allows merchants to set up accounts on its platforms for direct consumer ￰8￱ data shows rapid expansion Lending data reveals how quickly Chinese sellers are growing their overseas online ￰9￱ company FundPark has arranged $3 billion in loans to small Chinese businesses for international e-commerce in just over a ￰10￱ company previously needed six years to reach the same $3 billion lending mark, according to Anson Suen, co-founder and CEO, who spoke with CNBC .

FundPark, backed by $750 million from Goldman Sachs and HSBC, uses technology-based data assessment to determine borrowing amounts for small ￰11￱ startup announced Tuesday it secured $71 million to support a new artificial intelligence tool for “dynamic funding” designed to help merchants deal with tariff ￰12￱ Chinese e-commerce firms’ achievements stem partly from experience gained in their home market, which includes live streaming sales, quick product changes and fast delivery systems, Bain analysts ￰13￱ actually closed its China marketplace in 2019 due to rising pressure from local competitors. China’s massive market has offered valuable ￰14￱ year, China’s e-commerce market reached $2.32 billion in gross merchandise value sold, more than double the U.

S. market’s $1.05 billion in GMV, Bain ￰15￱ tracks total sales on an e-commerce platform during a specific ￰16￱ Southeast Asia, Indonesia led with $62 billion in e-commerce GMV last ￰17￱ and Vietnam each recorded $30 billion in ￰18￱ Philippines saw $20 billion in 2024 GMV, while Singapore’s total was much smaller at just $8.55 billion. However, growth for Chinese players faces obstacles in certain ￰19￱ noted that in Singapore, Alibaba’s Lazada platform has lost ground to local competitor Shopee, while Amazon and Walmart continue to control the ￰20￱ giants still lead globally Although PDD, Alibaba and ByteDance split most of the Chinese market among themselves, the ￰21￱ a completely different picture, with Bain data indicating non-Chinese e-commerce platforms held nearly 95% of the ￰22￱ e-commerce giants also maintain substantial international ￰23￱ reported North American net sales of $100.1 billion for the quarter ending June 30, with international sales at $36.76 billion, meaning the ￰24￱ still generates more net sales than Alibaba domestically and internationally ￰25￱ was scheduled to report earnings Thursday local ￰26￱ posted $23.7 billion in ￰27￱ sales for the quarter through July 31, plus $8.3 billion from overseas operations, up 22% ￰28￱ your project in front of crypto’s top minds?

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