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In a year marked by challenges and opportunities, the retail industry in Asia-Pacific is witnessing remarkable shifts. From Indonesia's GoTo showing staggering growth to China's Alibaba approaching a half-trillion-dollar valuation, the landscape is dynamic and resilient. ....
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25 May 2021 Asia Pacific’s e-commerce sales are expected to nearly double by 2025 reaching USD 2 trillion, according to global market research company Euromonitor International. The region is predicted to see the highest retailing sales growth in 2020-2025, following Latin America, with digitalisation, connectivity and demographics representing the key drivers in the region’s shift into an innovation hub post-pandemic. In this year’s whitepaper ‘Top 100 Retailers in Asia 2021’, Euromonitor looks at how the APAC region world-class mobile connectivity enables digital transformation and is supported by extremely tech-savvy consumer segments in the region. “As consumers connect and shop online more than ever, an increasing number of brands are expected to tap into social media to virtually engage and build trust with consumers in addition to serving as retailtainment”, says ....