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E-Commerce Surges in Southeast Asia
By Advisor Perspectives
Present growth trends and adoption of e-commerce in Southeast Asia are reminiscent of the United States in 1997. In that year, a young American company called Amazon.com reported sales growth over 800% 1. Two decades on, Amazon’s growth story has become well-known and e-commerce has become a significant part of the U.S. retail economy. In Southeast Asia, a collective market of over 650 million urbanizing and upwardly mobile people have seen many companies poised to prosper in the burgeoning e-commerce sector and many have set their sights to scale in Indonesia.
Read more at Advisor Perspectives.
Photo: Georgi Kovachev