Southeast Asia

In the Philippines, 40% are collectors.

The e-commerce platform added more travel-related items catering to the rise in travel searches from customers.

The continuous pattern of digital payments and services led to a $30b revenue.

The sector was also supported by the rapid growth of new entrants.

New buyers over the region increased by 335%.

A study showed that 81% choose mobile for their shopping purchase.

The region will experience a market value of $211b and a growth rate of 22% by 2025.

Several manufacturers may face a 22% shortfall, missing out on US$65 billion in export earnings.

The luxury beauty markets in the markets will reach $7.6b by 2026.

Bain & Company said businesses should review their ambitions in the region.

It is also working towards improving the customer experience by upgrading stores and partnering with marketplaces.

The brand will also hold its first Super Brand Day on 24 September in Malaysia and 28 September in Singapore.

It signed a franchise deal with Jaspal Group for its growth in Asia.

The sportswear global brand successfully shift to online business during the pandemic, which allowed them to remain available to its customers whilst also expanding its market share.

Various products flooded the 2023 Food Taipei Mega Shows from ready-to-eat meals that don’t require chewing to essences and face masks made from seafood.

The amount will benefit around 120,000 small businesses in the region.