Southeast Asia is the next big e-commerce powerhouse, says Bharati Balakrishnan, Shopify’s Country Head and Director for India and SEA.
“Despite global macro headwinds, Southeast Asia’s digital economy reached US$200 billion in GMV last year,” she said at Shopify’s ‘Commerce trends digital briefing: Southeast Asia’ webinar.
“With now more than 350 billion digital consumers, Southeast Asia is set to leapfrog China to become the fastest growing digital economy in Asia Pacific."
Yet the region is not entirely insulated against rising prices, inflation and economic uncertainty. Cart sizes are also shrinking, according to Shopify’s Commerce Trends 2023 report, which drew on...