At the beginning of the new decade, a pandemic took us through a huge economic turmoil that affected eCommerce businesses based on fashion, luxury, electronics, self-care, cosmetics, and more. As a result, Asia is a region of previously less-developed nations that is now becoming one of upheaval and rapidly rising stars. In this article, we break down the top eCommerce sites in Asia that have the most interesting and huge opportunities, also looking at their visits numbers and, where possible, financial results. Let’s get started!
Top 10 eCommerce sites in ASIA
1. Amazon
Established: 1994
Sales model: B2C, Cross-border E-Commerce
Estimated number of monthly visitors: 2.45 billion
It’s unsurprising that Amazon is ranked first on the list of the top eCommerce sites in Asia. Amazon marketplace is a well-known name in the e-commerce industry. Amazon, in addition to having a global network, is also considered to be the leader in top eCommerce sites in Asia. Born from retail, built for retailers, with decades of experience in working with the world’s leading retailers, AWS is redefining digital commerce. Thanks to AWS’s fast, flexible cloud platform, retailers can focus on what matters most: creating appealing experiences that attract customers, increase sales, and deliver flawless fulfillment.
Amazon has not only increased its product and service offerings, but also entered the streaming video, cloud computing, and most recently, banking markets.
Furthermore, It serves as a hosting platform for retail websites for companies such as Sears Canada, Marks & Spencer, Lacoste, and other similar entities. The company also owns a number of subsidiary businesses, including Zappos, Diapers.com, Goodreads, IMDb, and a few more.
2. Alibaba
Established: 1994
Sales model: B2C, Cross-border E-Commerce
Estimated number of monthly visitors: 2.45 billion
A giant of Chinese eCommerce, Alibaba is the world’s largest B2B eCommerce platform and the world’s most valuable company. According to the company’s recent market capitalization, it accounts for 80% of all online sales in China. Currently, Over 100 million products are sold in 40 different categories on Alibaba’s platform, which is available in 200 countries. There are approximately 200 businesses from around the world on a single marketplace platform, which helps connect wholesalers in China with enterprises from across the world.
The Alibaba Group has 7 affiliated entities including alibaba.com, taobao.com, tmall.com, etao.com, aliyun.com, yahoo.com.cn, alipay.com.
Key features
- Product verification: Product quality is inspected and approved as a Verified Main Product.
- Trade assurance: In the case of a shipping delay or a delivery error, refunds the initial deposit.
- Payment: Alipay (similar to PayPal) offers protection and flexibility via bank transfers, letter of credit, Western Union, and Escrow. Alipay is also available through Escrow.
- Customs data: Gives U.S. retailers access to overseas suppliers’ public trading records on Alibaba.
3. Lazada Marketplace
Established: 2015
Sales model: B2C, Cross-border E-Commerce
Estimated number of monthly visitors: 20.83 million
Lazada is one of Asia’s most popular eCommerce sites, with over 27000 active sellers. It is the largest frequent eCommerce marketplace in Southeast Asia, attracting visitors from a wide range of countries, including the United States. The Lazada online shopping websites are user-friendly, with easy-to-search and varied shopping categories and filters (based on price range, brand, color, rating, and so on) that assist visitors in finding the exact product they need. Lazada online shopping websites are available in multiple languages.
In bulk shipping, you can send all of your products to the Lazada center where Lazada will handle the logistics. The Lazada center takes care of everything for you, including shipping, refunds, and lost items.
Lazada’s most distinguishing features is the variety of payment options available to clients, including COD (cash on delivery), helloPay, BDO installments, and a Lazada wallet that can be loaded up at 7-Eleven outlets! The fact is that internet payments are not as widespread in Southeast Asia as they are in the West, therefore Lazada made a wise decision by providing a solution that was convenient for their clients.
4. Tmall Global (China)
Established: 2014
Sales model: B2C, Cross-border E-Commerce
Estimated number of monthly visitors: 500 million
Tmall is a Chinese business-to-consumer platform that is also controlled by Alibaba. It is similar to Taobao in that it is one of the largest eCommerce marketplaces in the world, with around 500 million consumers and 40,000 dealers. Tmall sells products under categories such as Clothing, Automotive, Furnishing, Electronics, Accessories, etc.
Tmall provides dedicated warehouses for customers in China and neighboring countries to buy branded items. Rather than having to provide the entire purchasing experience, Tmall allows retailers to focus on providing the product. Burberry, Zara, Disney, L’Oréal, Adidas, Procter & Gamble, Unilever, Gap, Ray-Ban, and Levi’s are just a few of the international brands that sell on Tmall.
Established: 2003
Source: https://magenest.com/en/top-ecommerce-sites-in-asia/
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