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Chinese e-commerce market to balloon to $3.3t by 2025: GlobalData
E-commerce CAGR will grow by 11.6% between 2021 and 2025.
Chinese e-commerce market to balloon to $3.3t by 2025: GlobalData
E-commerce CAGR will grow by 11.6% between 2021 and 2025.
Omnichannel is the way forward for APAC retailers
As physical stores reopen, online spending may drop to 13.4% by end-2021 but never below pre-COVID levels.
Apparel resale gains greater traction amongst APAC consumers
At least a tenth of shoppers is buying second-hand apparel more than usual.
BNPL continues to gain traction with Square’s $29b acquisition of Afterpay
Afterpay accounts for 7.7% of Australia’s e-commerce market.
China, India to propel APAC’s sportswear retail growth
The two markets are seeing more local brands serve a value-seeking consumer base.
APAC’s online retail sales rise amidst growing health concerns
However, customers have become slightly less concerned about visiting stores.
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1. L'Occitane International announces $1.8b privatisation offer 2. Supermarkets lead growth in Vietnam’s evolving retail scene 3. Philippines’ SM Prime Holdings to open four new malls in 2024 4. JD.com launches ‘Trade-in Alliance for Household Appliances and Home Goods’ 5. 85% of A2000 retailers in Asia-Pacific to invest in GenAI by 2027Resource Center
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Don't miss this pivot point for retailers, driving growth and redefining consumer experiences in one of the world's most dynamic retail environments.
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1. L'Occitane International announces $1.8b privatisation offer 2. Supermarkets lead growth in Vietnam’s evolving retail scene 3. Philippines’ SM Prime Holdings to open four new malls in 2024 4. JD.com launches ‘Trade-in Alliance for Household Appliances and Home Goods’ 5. 85% of A2000 retailers in Asia-Pacific to invest in GenAI by 2027Awards
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11