Asian region growing at three times the global rate in online retail expansion: Bain & Co.

India, China and South Korea are leading global online retail expansion, with the Asian region growing at three times the global rate, a latest report by Bain & Co. said. India’s growth potential is vast since Bain estimates online retail penetration to be only 5%. The country posted a 2013-2017 compound annual growth rate of 53%, compared to China’s 33% and US’ 12%. Rasul Bailey takes a closer look...

Retail ecosystems reshaping the retail landscapes in Asia, delivering a sticky consumer proposition by combining services like e-commerce, chat, streaming, gaming or payments in a single platform or app, which is becoming almost universally adopted by shoppers.