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Before you wind down from your day, here are the ecommerce headlines you should know.

1. Shopee marks rapid growth in Southeast Asia

Southeast Asian pure-play m-Commerce operator Shopee says it has reached $1.8 billion in annualised GMV just a year after its launch.

App-based Shopee operates in Singapore, the Philippines, Malaysia, Indonesia, Thailand, Vietnam and and Taiwan.

The Garena-backed company says it has achieved a month-on-month growth of 43 %, with 25 million downloads of its mobile app to date and 65 million product listings.

Read the rest of the story here

 

2. Retail ecommerce small but growing in Vietnam

However, despite all the optimism and the strong growth forecasted, retail ecommerce would still account for just 5% of total retail sales by 2020, if the target were to be reached, which puts Vietnam well behind Western countries.

Read the rest of the story here

 

3. Recommended Reading: Southeast Asia’s ecommerce future

The rate of digital adoption in Southeast Asia is unmatched. The Philippines sends more texts than any other country, and Jakarta is the world’s No. 1 city for tweets. There are more than 250 million smartphone users in the region.

Read the rest of the story here

 

 

Had a good weekend? Dive into today’s ecommerce headlines.

 

1. Singapore’s sovereign wealth fund GIC buys warehouse group P3 to tap into ecommerce boom

For GIC, the acquisition bolsters its ownership in the segment globally. The sale of P3 is one of the largest European property deals this year.

Read the rest of the story here.

 

2. Retail ecommerce small but growing in Vietnam

Deputy Minister Ho Thi Kim Thoa of the Ministry of Industry and Trade (MOIT) told the conference participants he has set a target to grow e-commerce to reach 5% of the nation’s total retail sales by 2020. The implementation of robust 4G networks by mobile carriers (which is already underway) would also help drive increasing digital purchases made via smartphone, particularly from the rural areas.

Read the rest of the story here

 

3. The NFL’s game plan for 11.11

The NFL is making strides in building a fan base in China, says Richard Young, managing director of NFL China, and the 11.11 sale is a chance to connect with more fans and sell more official league merchandise.

Read the rest of the story here

 

Been busy? Here is a quick roundup of news you should know from this weekend.

1. Thailand Post Launches Four New Services, Embraces The Digital Age

Thailand Post introduces Prompt Post, Messenger Post, the THP card and cross-border delivery service. Read more about it here.

 

2. Digital Media Company Migme Raises $6.2M in Funding

The fresh funds will be used to finance expenditures and attain cash flow positive operations by 2017. Read more about it here.

 

3. Food Panda Is Pulling Out of Indonesia

The business is reportedly up for acquisition, for less than $1 million. However, the online food delivery company still plans to stay in Southeast Asia. Read more about it here.

 

4. Rakuten Acquires Bitcoin Wallet Startup, Bitnet

Rakuten will leverage the acquisition and launch a ‘bitcoin lab’. The transaction financial figures were undisclosed. Read more about it here.

 

5. Worldwide Retail Ecommerce Sales Will Reach $1.915T This Year

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Double Digit growth will continue through 2020, with the bulk of retail ecommerce coming from China, where sales are expected to represent 47% of all such sales worldwide. Read more about it here.