India & China Register the Larger E-Commerce Investment Activity in Asia
With Asia predicted to account for more than half of the world’s population by 2020 and 1/3 of the world’s consumer spend, the e-commerce sector is also expected to increase, recent findings indicate.
According to a report by CB Insights, deal volume and funding activity in the region have increased by 31 percent and 56 percent year-over-year, respectively. Since 2010, USD 6.9 billion has been invested in Asian e-commerce companies. The same source reveals that India and China have registered the larger activity.
Results show that India has ranked first in financing deal activity with over 150 deals since 2010 and 25 deals in 2013 alone. On the other hand, data unveils that China is leading the deal volume, which means it has a greater opportunity to grow.