Bangkok is among the leading commerce cities in Asia, according to the latest white paper on the top such cities, YCP Solidiance announced yesterday.
“Top E-commerce Cities in Asia”, aims to shed light on the significance of the e-commerce landscape in Asia, and how it has quickly adapted to global trends. An “e-commerce city” refers to an urban city with interconnected infrastructure that makes up an e-commerce ecosystem that helps it thrive.
Bangkok is one of the top e-commerce cities, along with others Singapore, Jakarta, and Osaka.
The e-commerce industry has continued to witness exponential growth around the world, worth US$2.86 trillion (Bt91.52 trillion) in 2018 and estimated to grow further to $6 trillion (Bt192 trillion) in 2022.
The Asia Pacific market enjoyed a 35 per cent economic growth rate in 2018, with $1.8 trillion in retail e-commerce sales, positioning it to be a clear leader and achieve one-fourth of the global e-commerce share by 2023.