From 2015 to 2018, investors focused on B2C e-commerce and then shifted to B2B from 2018 onwards. E-commerce Enablers are consistently getting more and more funding through the years, signifying the importance of ancillary services in e-commerce. Investors are also slowly getting into the budding sectors of cross-border and social commerce.
E-commerce started in the early 1970s in the US and has become a global revolution with the IT boom in the 21st century - across demographics and social structures, achieving market penetration and expanding across continents, embodying the soul of globalization like never before.
Traditionally, logistics was always classified in the cost bucket by businesses but with the advent of technology, mastering logistics has become the means of gaining a competitive advantage.
Southeast Asia (SEA) has all the elements for explosive e-commerce growth. The ongoing pandemic forcing Southeast Asian countries to implement their own quarantine protocols also furthered the growth of this sector.
If there is an industry that has embodied globalization, it is the e-commerce industry. E-commerce was initially popular only in developed economies and now e-commerce is a global phenomenon and has even caught the fancies of some of the fastest-growing developing economies.
The gaming industry has been a part of pop culture from the dawn of human civilization. There is a major draw with the games that unifies us as a community, whether it is playing board games and watching gladiators fighting in the arena or playing video games on mobiles & consoles to watching major sports leagues that rake in billions of revenue through sponsorships, advertisements, merchandise and more.
With major activities happening in the space, including Zip’s acquisition of QuadPay in September 2020 and Affirm’s IPO in the US in January 2021, “buy now, pay later” is now in the spotlight. But what is it and what makes it different from your usual credit card or other financing alternatives?