Jakarta, Indonesia, May 08, 2019 --(PR.com
)-- YCP Solidiance, an Asia-focused strategy consulting firm headquartered in Hong Kong, has published a white paper on “Top E-commerce Cities in Asia,” aiming to shed light upon the significance of e-commerce landscape in Asia and how it has quickly adapted to global trends. An “e-commerce city” is referred to an urban city with interconnected infrastructure that makes up an e-commerce ecosystem that helps it thrive.
The e-commerce industry has continued to witness exponential growth around the world, with an astonishing USD 2.86 trillion in 2018 and are estimated to grow further to USD 6 trillion in 2022. The not-to-be missed Asia Pacific market had a 35% economic growth rate in 2018 with USD 1.8 trillion retail e-commerce sales, positioning it to be a clear leader to achieve one-fourth of global e-commerce share by 2023.
After analyzing 40 metropolitan cities based on 16 key indicators, YCP Solidiance identified top 12 “E-commerce cities” in Asia, in the following alphabetical order: Bangkok, Beijing, Ho Chi Minh City, Hong Kong, Jakarta, Kuala Lumpur, Mumbai, Osaka, Seoul, Shanghai, Singapore and Tokyo.
The report highlights that while economic size and growth rate are worth to consider, other factors including the city’s readiness to accept digital disruption, network infrastructure, ecosystem and competitiveness, customer behavior and future growth opportunities, also help to determine the attractiveness of its e-commerce landscape.
The paper zooms into each top e-commerce city, highlighting its prowess that is worth noting and learning from for other global cities. Opportunities and barriers in every city are also elaborated, as to further explain what made it possible to put them in this Top E-commerce Cities list.
What can other global cities learn from these cities?
This paper recommends a framework deemed pivotal for a sustainable e-commerce
ecosystem - a building block for future e-commerce cities: stable and predictable regulatory environments, adequate talent, market readiness and robust infrastructure, funding to scale up the business, and global culture to empower innovative ideas.
The paper also suggests big companies to build synergy through investment or partnership in e-commerce, bringing a mixture of corporate know-how and long-term experience with innovative and fast-paced minds of e-commerce entrepreneurs. The synergy built with e-commerce and tech-companies will directly boost the growth of e-commerce in the city and even the country in the current digital age.
For more details about this report, download the full version of the white paper: ycpsolidiance.com/top-e-commerce-cities-in-asia.html
Head of Marketing, APAC
About YCP Solidiance
YCP Solidiance is an Asia-focused strategy consulting firm with nearly 20 offices in key Asia markets and other global regions, namely Abu Dhabi, Bangkok, Beijing, Beirut, Dubai, Ho Chi Minh City, Hong Kong, Jakarta, Kuala Lumpur, Manila, New Delhi, Shanghai, Singapore, Sydney, Taipei, Tokyo, and Yangon, as well as client relation offices in Europe and United States. YCP Solidiance focuses to better engage with Fortune 1000, Asian conglomerates, as well as small-medium sized business partners and clients across a wide range of consulting services, including management consulting, financial and marketing advisory, global market research and overseas expansion support.