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Asia Pacific Ecommerce Market Report 2023: Growth Surge Led by Expanding Digital Consumer Base – Forecasts to 2027

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DUBLIN, March 4, 2024 /PRNewswire/ — The “Asia Pacific Ecommerce Market Opportunities Databook – 100+ KPIs on Ecommerce Verticals (Shopping, Travel, Food Service, Media & Entertainment, Technology), Market Share by Key Players, Sales Channel Analysis, Payment Instrument, Consumer Demographics – Q2 2023 Update” report has been added to ResearchAndMarkets.com’s offering.

The latest databook offering comprehensive insights into the Ecommerce market in the Asia Pacific has been added to our comprehensive collection of industry research publications. The databook presents over 100 key performance indicators (KPIs) across various Ecommerce verticals including shopping, travel, food service, media and entertainment, and technology.

With a meticulous compilation of statistics and trends, this report is pivotal for understanding market dynamics, shares by key players, sales channels, and payment instruments, complemented by an in-depth analysis of consumer demographics. Key findings indicate a projected annual market growth of 3.41% in 2023, reaching an estimated US$3,987.3 billion in the Asia Pacific Ecommerce sector.

The data-driven report underscores several pivotal aspects including:

A robust CAGR of 6.39% predicted for the period of 2023-2027, showcasing sustained growth in the Asia Pacific Ecommerce market.An increase in gross merchandise value from US$3,855.8 billion in 2022 to an anticipated US$5,108.8 billion by 2027.Contributions to market expansion from Tier II, III, and IV cities in large consumer bases such as India.The resilience of the market despite macroeconomic fluctuations and regulatory changes, particularly in the Chinese sector.

In addition, the report examines emergent trends such as live streaming engagement models and cross-border purchases, as well as dissecting market share across mobile and desktop platforms and highlighting the dominant role of mobile commerce.

Ecommerce Market Dynamics and Future Forecasts:

Comprehensive analysis of market size and segmentation trends.Detailed country-level data-centric analysis across 14 bundled reports.Illustrative segmentation of the Ecommerce market shares by key players in retail shopping, travel, and food service verticals.

Key Market Opportunities and Consumer Trends:

Understanding the nuanced needs and behaviors of the digital consumer base is essential. This databook offers key insights into opportunities by Ecommerce categories, and market-specific strategies based on in-depth analysis, global trends, and data on consumer attitudes and behaviors.

The strategic intelligence contained within the report allows businesses to make informed decisions to navigate the rising tide of digital commerce, especially in the Asia Pacific region where digital ecosystems are advancing rapidly, and consumer adoption is growing exponentially.

Companies Mentioned

AgodaAirasia FoodAlibaba’s 1688AmazonBaedal MinjokBaeminBeTaxiBoboboxBooking.comBungkusitCebu PacificCentralChaldalCheapOairColesComfort TaxiCoupangCoupang EatsDaojiaDarazDeliverooDemae-CanDidi ChuxingDiDi MobilityDMM.comDomino’sDoordashEasybookEatigoeBayEle.meEvalyExpediaFaasosFine DineFireflyFlipkartFood PandaGmarketGoFoodGoibiboGoJek’s Go-FoodGrab FoodGrab TaxiGrainHappy FreshHomeshoppingInterparkJalanJD.comJD.idJollibeeKaideeKakao TaxiKayakKmartKulinaLazadaLine ManLine Taxi11StreetLux GroupMakeMyTripMc DeliveryMeituan WaimaiMenulogMercariMetroDealMiCabMobile World GroupMyCarMyerMyntraMyRealTripNaheed Super MarketCarousellNaver ShoppingOlaOpenTablePakWheelsPegiPegiPickabooPickarooPizza HutQoo10QunarRakutenSephoraShebahSherpa’sShopeeShophiveShuttle Food DeliverySnapdealSwiggyTADATaobaoTiket.comTikiTmallTMAP TaxiTokopediaTongcheng TravelTravelokaTrivagoUberUber BukalapakUber EatsWahyooWebjet Daraz BangladeshWegoWhyQWoltWoolworthsXiaohongshuYahoo! ShoppingYanoljaAmazonYidao YongcheAjioYogiyoZaloraZameenZomato

For more information about this report visit https://www.researchandmarkets.com/r/wi3znn

About ResearchAndMarkets.com
ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

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OceanBase Receives Honorable Mention for the Second Consecutive Year in the 2024 Gartner® Magic Quadrant™ Report

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SINGAPORE, Dec. 26, 2024 /PRNewswire/ — OceanBase has once again been named as Honorable Mention in the 2024 Gartner® Magic Quadrant™ for Cloud Database Management Systems (Cloud DBMS), marking the second consecutive year it has received this recognition.

OceanBase offers scalable distributed database for data-intensive transactional and real-time operational analytics workloads, with ultra-fast performance and high compatibility across major global cloud infrastructures, including Amazon Web Services, Google Cloud, Alibaba Cloud and Tencent Cloud. Operating across more than 30 regions in Asia, Europe, and America, OceanBase has already served over 2,000 customers, such as SAIC Volkswagen, DiDi Global, vivo, Pop Mart, Haidilao, Kwai, Trip.com, GCash, DANA, and PalmPay.

Over the past year, OceanBase has made significant strides in the Southeast Asian market. In December 2024, Starpay, a leading financial technology company in the Philippines, announced a partnership with OceanBase to leverage its cutting-edge distributed database solutions.

OceanBase hosted the inaugural OceanBase INFINITY tech conference in Jakarta, Indonesia in June 2024. During the event, the company announced strategic partnerships with leading local resellers to better serve customers in the Indonesian market.

According to Gartner’s latest DBMS market data in the Magic Quadrant, “the overall database management system market grew by 13.4% in 2023, reaching $103.2 billion“, up from $91 billion in 2022. The DBMS segment remains one of the fastest-growing areas within the software market, alongside analytic platforms, networking software, and supply chain management software.

In May 2024, OceanBase was also recognized as an Asia/Pacific Customers’ Choice and also named a Strong Performer in the 2024 Gartner® Peer Insights™ Voice of the Customer for Cloud DBMS report.

Gartner, Magic Quadrant for Cloud Database Management Systems, 18 December 2024

Gartner, Voice of the Customer for Cloud Database Management Systems, 24 May 2024

Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences, and should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.

GARTNER, MGAGIC QUADRANT and PEER INSIGHTS are registered trademarks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

About OceanBase

OceanBase is a distributed database launched in 2010. It provides strong data consistency, high availability, high performance, cost efficiency, elastic scalability, and compatibility with mainstream relational databases. It handles transactional, analytical, and AI workloads through a unified data engine, enabling mission-critical applications and real-time analytics.

To learn more, please visit: https://www.oceanbase.com/

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SOURCE OceanBase

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Matwings Technology Raised Series A Funding of Tens of Millions USD to Redefine Protein Design

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‘Beyond Structure, Predicting Function’

SHANGHAI, Dec. 25, 2024 /PRNewswire/ — Recently, Shanghai Matwings Technology Co., Ltd. (‘Matwings’), a global leader in AI-driven protein design, announced the successful completion of Series A funding rounds, raising tens of millions of USD, led by Qiming Venture Partners.

Matwings is pioneering a new frontier in protein engineering with its proprietary AI-based general protein design platform, AccelProtein™, which directly predicts protein functionality beyond the structural data. By predicting functionality, AccelProtein™ offers a new approach for acquiring high-functioning proteins.

AccelProtein™ is built on the Pro-PRIME model, a breakthrough developed by a collaborative team led by Professor Liang Hong at Shanghai Jiao Tong University. After years of research focused on data collection, curation, and optimization, the team developed the Pro-series – an AI framework for protein design. Their work, titled “A General Temperature-Guided Language Model to Design Proteins of Enhanced Stability and Activity” was recently published in Science Advances.

A featured case of AccelProtein™’s impact is the design of a specialized Glycosyltransferase enzyme, which is used in the production of EPS-G7, a core material for pancreatitis screening. Within just 4 months, Matwings increased the enzyme’s total glycosylation activity by 7 times, enhanced product specificity from 60% to 98%, and reduced hydrolytic activity by 33%. These improvements cut down the cost of EPS-G7 by 90%.

In another application, Matwings successfully engineered a super alkali-resistant affinity ligand (a nanobody) for affinity chromatography, improving alkali resistance by 3 folds, binding capacity over 100%, and heat stability by 8℃. This innovation saved millions of USD in CMC costs for a Matwings client. Additionally, scale-up production to 5000L has been successfully completed. Such advancement enables low-cost affinity chromatography purification a viable option for a wide range of biologics, bringing more cost-effective solutions for drug production.

Since 2021, Matwings has successfully delivered over 30 protein-engineering and enzyme-mining projects either proprietary (e.g., Enterokinase, Carboxypeptidase B, KEX2 Protease, Maltogenic Amylase, Subtilisin, Protein A, PETase, T7 RNA Polymerase, and phi29 DNA Polymerase) and co-developed with our stakeholders. These projects span across various applications, including drug innovation, in vitro diagnostics, nutrition and healthcare, food and beverage, and green energy.

About Matwings

Matwings, founded in 2021 by an elite team from Shanghai Jiao Tong University, is one of the earliest companies to focus on AI protein models.

Matwings is dedicated to moving beyond directed evolution methods to design and engineer functionally optimized proteins by leveraging a proprietary, pre-trained, AI-based general protein design platform with 780 million curated full-length protein sequence data, including nearly 500 million private data.

This cutting-edge technology platform, AccelProtein™, enables us to engineer proteins and uncover or de novo design novel proteins with significantly improved properties, including stability, activity, affinity, yield, etc.

To date, Matwings has successfully engineered more than 30 proteins either proprietary or co-developed with its stakeholders, and more than 40 ongoing projects across various applications in pharmaceutical industries and synthetic biology industries, e.g.  key enzymes and proteins for CMC, innovative Biologics, synthetic biology and more.

Matwings is actively seeking global partnerships to jointly develop and commercialize new products.

Contact Information:
Email: info@matwings.com
Website: https://www.matwings.com/en/ 
Tel: +86 158 2106 5410
Paper Link: https://www.science.org/doi/10.1126/sciadv.adr2641 

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Agoda Highlights Tokyo as Top Global New Year’s Eve Destination

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SINGAPORE, Dec. 26, 2024 /PRNewswire/ — Digital travel platform Agoda has announced Tokyo as the most popular destination for New Year’s Eve, based on accommodation searches. This marks a shift from last year when Taipei held the top spot. Following Tokyo, the list includes Bangkok, Taipei, Pattaya, and Osaka, showcasing a diverse range of preferences among travelers.

The data highlights a perpetual interest in Tokyo, a city known for its unique blend of tradition and modernity. Travelers are drawn to its vibrant celebrations, cultural experiences, and iconic landmarks. Bangkok and Taipei, too, continue to be favored destinations, offering rich cultural festivities and lively atmospheres. Pattaya and Osaka also make the list, appealing to those seeking beachside celebrations and culinary delights, respectively.

Agoda’s data reveals Tokyo’s prominence not only on a worldwide scale but also within Japan. Domestic accommodation searches have increased by 23%, with Tokyo leading as the preferred destination, followed by Osaka, Kyoto, Yokohama, and Okinawa Main Island. For Japanese traveling abroad, the destinations primarily considered are Taipei, Seoul, Bangkok, Pattaya, and Hong Kong.

Hiroto Ooka, Associate Vice President North Asia at Agoda said: “Tokyo’s rise to the top of Agoda’s New Year’s Eve destination list is a testament to the city’s global appeal. Whether you’re celebrating New Year’s Eve in Tokyo, Osaka, or anywhere else in the world, Agoda is ready to help you find the perfect spot to ring in the New Year.”

As travelers prepare for their New Year’s Eve plans, Agoda offers a comprehensive selection of over 4.5 million holiday properties, more than 130,000 flight routes, and over 300,000 activities, all available for seamless booking. Download the Agoda app for the latest deals or visit agoda.com/deals.

 

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SOURCE Agoda

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