UNITED Overseas Bank is integrating the digital solutions of e-commerce solutions provider Shopmatic, into its suite of cloud-based business solutions"UOB BizSmart" to help small businesses build e-commerce websites quickly and expand their sales channels.
Meanwhile, Shopee is a rapidly growing e-commerce business, with annual gross merchandise value crossing US$10 billion for the first time in 2018. Sea said in March that it is raising up to US$1.55 billion from a new share offering for business expansion. Shopee's web product experienced a 5 per cent rise in total average monthly visits from the previous quarter, driven by increased visits in Indonesia and Thailand.
In terms of web platforms, Indonesian players Tokopedia and Bukalapak, with 137.2 million visits and 115.3 million visits respectively, took the third and fourth spots in the region.
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