Singles’ Day, the online shopping festival invented by Chinese ecommerce giant Alibaba and held on November 11, is widely known in the West. Now, a series of similar “double-digit” shopping festivals from digital powerhouses Lazada and Shopee are driving ecommerce growth in Southeast Asia.
In 2020, this near-instantaneous type of payment method was most widely used in Asia-Pacific, with the greatest number of transactions taking place in India, China, South Korea, and Thailand. More like this:. Report: The Rise of Real-Time Payments. Article: Who stands to gain from real-time payment adoption? Article: Lack of regulation hinders DeFi's disruptive potential in modern finance.
South Korea sees a semiconductor opportunity: South Korea’s recent $450 billion semiconductor spending plan—the latest global government-backed chipmaking move—may signal a move away from a chip industry once dominated by a small handful of countries