It’s time to get digitally native
The face of commerce is changing and digital is making it happen
The Asian e-commerce market grew more than twice as quickly as the U.S. market in 2012, according to a new report from Internet Retailer.
The data analysis, the Asia 500, shows that Asia’s direct-to-consumer e-commerce sales reached $377.98 billion in 2012.
That’s a 25.9 percent increase over 2011.
Other facts from the new report:
- The combined sales of the region’s largest web retailers accounted for nearly 86 percent of all Asia 500 sales in 2012.
- Amazon is the largest U.S. retailer represented in the Asia 500 and that sales for that company increased 20.2 percent.
- Suning Commerce Group Co. Ltd. is the fastest growing Asia 500 retailer and that company grew sales more than 400 percent.
U.S. retailers like Macy’s Inc. and Wal-Mart Stores Inc. are making inroads in Asia by acquiring or creating joint ventures with Asia-Pacific companies that already have significant e-commerce capabilities.
