More residents of the region for the first time will have access to buy and sell goods online. This is a single user license, allowing one specific user access to the product. Top E-commerce in Southeast Asia Q2 2019. Estimated size of e-commerce market in 2025, second only to Indonesia in the Southeast Asia region9. New business models, online platforms and logistics companies will all be needed to keep up with fast growing demand. Our missions is to: Types of Business Structures Available in Singapore, Singapore Company – Frequently Asked Questions, Annual Filing Requirements for Singapore Companies, Singapore’s Tax System and Current Tax Rates, Singapore Goods and Services Tax (GST) Guide, Types of Work Visas Available in Singapore, Singapore’s Standard of Living and Its Quality of Life, Guide to Singapore’s Employment Pass Visa Program, Guide to Singapore’s Personalised Employment Pass (PEP), Entrepreneur Pass – Visa Program for Foreign Entrepreneurs, An Overview of Singapore’s Permanent Residence Schemes, Tax Incentives Available to Singapore Businesses, Sector-Specific Incentives Available in Singapore, Market Readiness Assistance (MRA) – Grant for Overseas Expansion, Incentives Available to Promote Mergers and Acquisitions (M&A) in Singapore, Funding Sources Available to Startups in Singapore, Global Trader Programme – Incentive for Global Trading Firms to Relocate to Singapore, Choosing a Name for Your Singapore Company, Singapore Companies Act 2017 Amendment – Key Changes. Furthermore, investments in e-commerce startups have continued to flourish in Singapore, especially within the last year. Fast and faster growth: dual-speed Southeast Asia. Furthermore, the average load factor of trucks on the road is less than 40 percent. In 2018, there were 37.75 million eCommerce users in the Philippines, with an additional 18.02 million users expected to be shopping online by 2022. Who are the leading E-Commerce market players in Southeast Asia? In comparison, a new company can incorporate in Singapore in as little as 15 minutes. Companies need to develop Agile capabilities for innovation not only in how they develop products or services but also in how they interact with consumers and new channels. The AEC offers e-commerce companies easier access to enter and expand into the Southeast Asian market—with Singapore making a strong case as the best entry point. Exactly what, and where, is Southeast Asia? Which B2C E-Commerce trends are prominent across the Southeast Asian markets? At present, the Asia-Pacific region already leads the pack in global B2C e-commerce, according to a 2015 Research and Markets report. Which countries in Southeast Asia lead by online retail sales and growth rate? And they will need world-class logistics. In 2011, the Chinese government instituted a five-year plan to prioritize the development of the service economy. Lastly, Singapore offers the best foreign market access of any of the AEC nations with 20 bilateral and multilateral free trade agreements with countries including the United States, India, China and Japan. Over the past three years, it has been the most dynamic sector of the digital economy accounting for close to US$11 billion in gross merchandise value (GMV) in 2017, exceeding US$23 billion in 2018. Southeast Asia’s top ecommerce platforms and retailers . Cross-border e-commerce is expected to witness high growth than the overall e-commerce market, at a global level. Note: Product cover images may vary from those shown. Please submit your order within that time frame to avail of this price as all prices are subject to change. Its middle class is expanding. It … Several websites and digital applications are already present in the Malaysian e-commerce landscape, with some global, regional and national players grabbing their shares. This is a major concern as most rely on “cash on delivery” as a payment option. What is the projected size of the B2C E-Commerce market in Southeast Asia by 2025? Delivery-Related, in % Respondents, 2018, Overview of B2C E-Commerce Players, August 2019, Top 10 B2C E-Commerce Websites, by Average Monthly Visits, in millions, Q2 2019, Websites Used for Online Shopping, in % of Online Shoppers, 2018, B2C E-Commerce Market Overview and International Comparisons, May 2019, M-Commerce Sales, in USD million, and Penetration, in %, 2017-2021f, Share of Internet Users Who Consider Social Media as the Top Channel for Product Discovery, in %, and Share of Online Shoppers Who Made Purchases via This Channel, in %, 2018, Retail E-Commerce Sales, in USD billion, 2016, 2018e, 2025f, B2C E-Commerce Share of Total Retail Sales, in %, 2018, Internet Penetration, in % of Individuals, 2011 - 2018e, Number of Online Shoppers, in thousands, and Penetration, in % of Internet Users, by Location, Gender, and Age Group, Q1 2017 & Q1 2018, Product Categories Purchased in E-Commerce, in % of Online Shoppers, Q1 2018, Payment Methods Used in E-Commerce, by Number of Online Shoppers and Percentage of Online Shoppers, Q1 2017 & Q1 2018, Breakdown of Positive Aspects of Lazada and Shopee, in % of Online Shoppers, May 2018, Top 5 E-Commerce Players by Market Share, in %, 2018, B2C E-Commerce Market Overview and International Comparisons, June 2019, Cross-Border Online Shopper Penetration, in % of Online Shoppers, November 2018, Share of Online Shoppers Who Made Purchases via Social Media, in % of Online Shoppers, February 2019, B2C E-Commerce Share of Total Retail Sales, in % of Respondents, Q3 2018, Internet Penetration, in % of Individuals, 2013 - 2018, Online Shopper Penetration, in % of Internet Users, 2018, Product Categories Purchased in E-Commerce, in % of Online Shoppers, 2018, Payment Methods Used in E-Commerce, in % of Online Shoppers, 2018, Most Important Factors in E-Commerce Delivery, in % of Online Shoppers, 2018, Overview of E-Commerce Players, June 2019, Top 10 E-Commerce Websites, by Average Monthly Visits, in millions, Q1 2019, Breakdown of Devices Used for Online Shopping, in % of Online Purchases, 2018, Cross-Border Online Shopper Penetration, in % of Adult Online Shoppers, May 2018, B2C E-Commerce Share of Total Retail Sales, in %, April 2019, Internet User Penetration, in % of Individuals, 2010 – 2018e, Online Shopper Penetration, in % of Internet Users, May 2018, Top 5 Product Categories Purchased Online, in % of Online Shoppers, 2018, Top 3 Payment Methods For Online Purchase, in % of Online Shoppers, January 2018, Delivery-Related Options Encouraging Online Shopping, in % of Online Shoppers, 2018e, Overview of B2C E-Commerce Players, June 2019, Top 10 E-Commerce Websites, by Average Monthly Visits, in thousands, Q1 2019, Breakdown of Online Shoppers by Domestic Shoppers Only, Domestic and Cross-Border Shoppers, and Cross-Border Shoppers Only, in %, May 2018, B2C E-Commerce Share of Total Retail Sales, in %, 2018e, Internet Penetration, in % of Individuals, 2010 - 2018e, Breakdown of Frequency of Online Shopping, by Gender, in % of Online Shoppers, 2018e, Product Categories Purchased in E-Commerce, in % of Online Shoppers, July 2018, Payment Account Ownership, incl. As such, success requires the ability to pivot quickly. Yet e-commerce startups and their investors are willing to tackle logistical headaches to become established in a promising market. By 2025, the Internet economy is expected to grow to $300 billion. In 2015, Southeast Asia received approximately US$ 1.1 billion in venture capital funding with a total of 355 deals. Startups raised $9.1 billion in the first half of last year, almost as much as throughout the whole of 2017. Dublin, June 09, 2017 (GLOBE NEWSWIRE) -- Research and Markets has announced the addition of the "Southeast Asia B2C E-Commerce Market … Researching and Validating Your Startup Idea. Approximately 70% of people in Southeast Asia are under the age of 40. Cross-border trade will likely continue to be a driving factor for the growth of e-commerce in Southeast Asia. What is the projected size of the B2C E-Commerce market in Southeast Asia by 2025? HVAC (Heating, Ventilation, & Air Conditioning). Includes what a company needs to know to take advantage of e-commerce in the local market and , reputable, prominent B2B websites. Latin America boasts the top-growing overall ecommerce market—Mexico at 35.0%—and No. video on demand, music streaming services, and video games).. As stated by Roger Egan, the CEO of Singapore based online grocer RedMart, “The lines are blurring between logistics and e-commerce. However, Singapore has attracted 27% of all the e-commerce startups in the region—including the most startups valued over US$ 10 million, US$ 100 million and US$ 1 billion. Statista estimates that consumer electronics will hold the lion’s share 4 of Malaysian electronics and media eCommerce revenue in 2020. While also establishing policies that promote free trade. HAVE A QUESTION? Internet penetration in the region is increasing. Provide a networking platform for early stage investors who wish to enter the Singapore market. Improving your chances of startup success, Guide to incorporating your Singapore company. E-commerce, which is expected to grow by 261% between 2016 and 2021, is one of the region’s most explosive sectors. Source: Euromonitor In 2011… Retail Market E-Commerce Market 0.8% 2.8% 0.05% 0.5% NA 0.6% % EC Penetration rate, not inclusive of services 8. The business opportunities that come with of greater demand for e-commerce in the region also present new challenges; Singapore has already positioned itself as the best country to meet this challenges head on. There is no better time than the present to drive ASEAN’s e-commerce market. They will require easy access to cross-border trade. 06 etail in ietnam Navigating the digital retail landscape Figure 3: List of some retailers in Vietnam’s market No. B2C E-Commerce Sales, in USD billion, by Indonesia, Malaysia, Philippines, Singapore, Thailand and Vietnam, 2018e & 2023f, and CAGR, in %, 2018e - 2023f, B2C E-Commerce Sales by Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam, in USD billion, 2015, 2018e & 2025f, and CAGR, in %, 2018e - 2025f, Top 10 Most Visited E-Commerce Platforms, by Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam, Q1 2019, Top 10 Shopping Apps by Most Active Monthly Users, by Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam, Q1 2019, Smartphone User Penetration, in % of Mobile Phone Users, 2015 - 2018, Breakdown of Devices Used to Access E-Commerce Websites, in % of E-Commerce Users, 2018e, M-Commerce Share of Total Retail E-Commerce Sales, in %, 2018, Breakdown of E-Commerce by Local and Cross-Border, According to Buyers and Sellers, in %, 2018e, Breakdown of E-Commerce Sales by Social Commerce and Retail E-Commerce, in USD billion, 2017 & 2022f, Internet Economy Market Size, in USD billion, by Sector, 2015, 2018e & 2025f, Retail E-Commerce Sales, in USD billion, 2018 & 2023f, E-Commerce Share of Retail Sales, in %, 2019f, Internet Penetration, in % of Individuals, 2017 - 2022f, Breakdown of Frequency of Online Shopping, in % of Internet Users, March 2019, Top 3 Product Categories Purchased Online, in % of Online Shoppers, 2018, Payment Methods Used in E-Commerce, in % of Online Shoppers, September 2018, Breakdown of Main Drivers for Online Shopping, in % of E-Commerce Users, 2018e, B2C E-Commerce Players Overview, May 2019, Most Used E-Commerce Websites, in % of Online Shoppers, 2018, Product Categories Purchased from the Top Local Online Shopping Websites, May 2018, B2C E-Commerce Market Overview and International Comparisons, August 2019, Breakdown of Internet Traffic by Device, in %, 2018, Devices Used for Shopping Online, in % of Online Shoppers, 2018, Breakdown of Reasons to Use Social Media, in % of Social Media Users, September 2018, B2C E-Commerce Sales, in USD billion, and Year-on-Year Change, in %, 2014-2017 & 2020f, Retail E-Commerce Sales, in USD billion, 2018e & 2023f, B2C E-Commerce Share of Total Retail Sales, in %, 2012-2017 & 2020f, Internet Penetration, in % of Population, 2017-2022f, Online Shopper Penetration, in % of Internet Users, 2018e, Product Categories Purchased Online, in % of Online Shoppers, 2018, Breakdown of Payment Methods Used in Latest Online Purchase, in % Online Shoppers, 2018, Payment Methods Used in E-Commerce, in % of Online Shoppers, 2016 & 2018, Breakdown of Perceptions on Online Shopping, incl. Compelling opportunities and important challenges for the future of ecommerce in Southeast Asia . Copyright © 2002-2020 Research and Markets. $102 billion is the expected size of Southeast Asia’s e-commerce market in 2025. This is a 1-10 user license, allowing up to ten users have access to the product. A printed copy of the product will be shipped to you. We request your telephone number so we can contact you in the event we have difficulty reaching you via email. A key metric that has placed the US at the top of our ranking this year is the number of cross-border online shoppers. Each license type allows a set number of users to access the report. Asia’s very different. Here’s the breakdown of where the region’s at and where it’s headed. Southeast Asia is made up of 10 nations: Thailand, Indonesia, the Philippines, Vietnam, Malaysia, Myanmar, Laos, Cambodia, Brunei and Singapore. After 2000, the e-commerce market was mainly dominated by business-to-business ... Malaysia rapidly spread out to neighbor countries and figure now among the more visited and efficient websites in South-East Asia. Southeast Asia is a sub-region of Asia that consists of the countries that are south of China, east of India, west of New Guinea and north of Australia. Chinese companies like Alibaba and Tencent are bringing their investments and technology to the Southeast Asian region, Credit Suisse's head of emerging Asia economics said. ASIAN DEVELOPMENT BANK 6 ADB Avenue, Mandaluyong City 1550 Metro Manila, Philippines www.adb.org Embracing the E-commerce Revolution in Asia and the Pacific Asia is the world’s largest e-commerce marketplace and continues to grow rapidly. 2018 was the year e-commerce established itself as one of the region’s fastest growing sectors. Singapore led the region with 131 total deals totally US$ 820 million. And that is very much the Asian model of e-commerce. The e-commerce market in South East Asia is a $100 billion market today and could grow to $300 billion by 2025, according to Mashable.com. The most visited e-commerce platforms on desktop and mobile web in Malaysia and Southeast Asia in 2018 was Lazada, commanding the largest market share of total visits at 46 percent. The goal of the AEC is to make Southeast Asia a globally competitive single market, with a free flow of goods, services, labor, investments and capital across the 10 member states. With its dynamic economy and developed infrastructures for digital technologies, Malaysia is a very attractive market for e-commerce in Southeast Asia. Global and Southeast Asia E-Commerce Industry, 2018 Market Research Report has complete details about market of E-Commerce industry, E-Commerce analysis and current trends. Which devices, products, and payment methods do Southeast Asian online shoppers prefer? The Google and Temasek’s study found that “a total of US$ 40-50 billion must be injected over the next 10 years to make Southeast Asia a 200 billion internet economy in 2025”. The commercial vehicles market is expected to register a CAGR of 5.63%, during the forecast period. Singapore based Ninja Van, an express delivery service already provides last mile delivery services in Singapore and Malaysia. Now with 83% control, Alibaba plans to leverage Lazada’s already established operations in Singapore, Thailand, Malaysia, Indonesia, Vietnam and the Philippines to expand into Southeast Asia. Moreover, with increased demand in air freight from online shoppers, the Civil Aviation Authority of Singapore has recently opened the e-commerce AirHub at Changi Airport. One hundred two billion dollars.That’s how much the value of ecommerce in Southeast Asia is estimated to exceed by 2025. Which devices, products, and payment methods do Southeast Asian online shoppers prefer? Affordable and personalized Singapore Corporate Services delivered by experts - Incorporation, Compliance, Accounting, Taxes, Immigration, and Advice. This is a single user license, allowing one specific user access to the product. The strong legal system in Singapore allows for the fastest resolution times for contract disputes in all of Asia. But those who can control the entire supply chain and logistics will win”. Finally, much of Southeast Asia has insufficient last mile delivery services. And Alibaba is first and foremost a third-party business—tens of millions of merchants on the platform, all competing, all creating variety. Apart from online platforms, logistics companies have also received new investments. With e-commerce continuously reaping record profits, the sector will play a valuable role in the region’s digital economy. The large population is particularly attractive for its youth and new found spending power. Take the example of Ibu Vina from Bali in Indonesia. Projections of the rapid growth of online commerce in Vietnam move it to second place in the region by the end of this year, bumping Thailand to third among the Southeast Asian sales volume leaders. At the start of 2017, SEA Ltd. (formerly Garena) received US$ 757 million in funding in order to expand its Indonesian based e-commerce store Shoppee. All of which Singapore is more than ready to provide. e-Conomy SEA is a multiyear research program launched to shed light on the Internet economy in Southeast Asia. The most visited e-commerce platforms on desktop and mobile web in Malaysia and Southeast Asia in 2018 was Lazada, commanding the largest market share of total visits at 46 percent. A trend propelling digital sales in several countries of the region is social commerce. On the ground, Southeast Asia’s developing nations pose new challenges for shipping that Singapore logistics startups are eager to tackle. This is an enterprise license, allowing all employees within your organization access to the product. According to an updated report by Google & Temasek, it is predicted that the internet economy is on a steep growth trajectory, expected to … Using 2023 projections, a slight reordering appears, as well as one standout leader: China. Please select an option from the list below. The product is a PDF. e-Commerce and Ride Hailing continue to beat the most optimistic of predictions. Africa and the Middle East: $18.6 billion; South America: $17.7 billion ; Looking at those same figures along country lines reveals the 10 largest ecommerce markets in the world currently are: Of course, what truly matters isn’t where we are but where we’re going—the future of ecommerce. Mariana will help you find what you are looking for. When we look at South and East Asia – the region where e-commerce has the fastest growth – the lion’s share of e-commerce is owned by home-grown players such as Alibaba and JD.com in China and Flipkart in India. E-commerce in 2019. This blog promotes innovation and entrepreneurship in Singapore. An in-depth look at local ecommerce markets for six of Southeast Asia’s largest economies: Indonesia, Malaysia, The Philippines, Singapore, Thailand, and Vietnam. The product is a PDF. Specifically, there is: Mainland Southeast Asia, also known as Indochina, includes: Last Published: 8/19/2019. Electronics and media. The principal portal to the Internet and the pathway for the majority of online purchases in 2018 in Indonesia was a smartphone. The market is growing rapidly, from US$558.1 million in revenue in 2017, to US$860.1 million 7 in 2019, and is predicted to reach US$ 1.1 billion by 2024. Lastly, the government of Singapore is world renowned for its efficiency and low rates of corruption. Singapore also attracts entrepreneurs for its low corporate tax rate of 17%, compared to the median corporate tax rate of 20% for the whole of Southeast Asia. Editorial Staff 11/08/2017 Digital Services, Economy, Technology. Key findings on the most visited e-commerce platforms on desktop and mobile web Shopee takes the reign as the most visited e-commerce platform in Southeast Asia (six countries – Indonesia, Malaysia, Philippines, Thailand, Vietnam, & Singapore) in Q1 2019 with a total average of 184.8 million visitors. E-commerce in Southeast Asia – a global growth bright spot. Southeast Asia faces logistics challenges that it must overcome for the e-commerce industry to grow. Which B2C E-Commerce trends are prominent across the Southeast Asian markets? Still, Lazada remains the most visited e-commerce platform in Malaysia, Singapore, the Philippines and Thailand, according to the study. The fully automated facility can handle more than 9,000 parcels a day that has reduced the total time for outbound deliveries from six hours down to three. Southeast Asia’s cross-border e-commerce accounts for more than 40% of the total e-commerce market in the region. Which devices, products, and payment methods do Southeast Asian online shoppers prefer? Based on a report by Google and Temasek Holdings, Southeast Asia’s (SEA) digital market could exceed US$200 billion (S$273 billion) by 2025. Should you pursue funding for your startup? In 1931 Japan invaded Manchuria and subsequently the rest of China and south-east Asia in what eventually became the Asia-pacific leg of ... China's service sector has doubled in size, accounting for 46% of China's total GDP. Southeast Asia will be the next major boom market for e-commerce in Asia-Pacific (APAC), Marc Woo, Google’s head of e-commerce, travel, and financial services, told the Bangkok Post recently. While Amazon and eBay failed to enter e-commerce market in China, they have managed to establish a significant footing in the still-developing Indian market. Speak to our Custom Research Team. Which countries in Southeast Asia lead by online retail sales and growth rate? The investment came a year after Alibaba paid US$ 86.2 million to gain a 34% stake in Quantum Solutions International, SingPost’s e-commerce logistics unit. Statista reports that consumers across Southeast Asia spent more than US$53 billion in 2018 on online purchases of consumer goods, travel products and services, and digital media (e.g. to $100 billion for the first time in 2019, more than tripling in size over the last four years. Global B2C E-commerce Industry September 2020 $ 5450 Global E-commerce Payment Industry July 2020 $ 4950 E-commerce Plastic Packaging Market - Growth, Trends, Forecasts (2020 - 2025) August 2020 $ 4250 The Environmental Impact of E-Commerce 2020 January 2020 $ 2150 With a recent capital investment of US$ 30 million, it plans to expand into Indonesia, Thailand, Vietnam and the Philippines. The 'Global and Southeast Asia E-Commerce Industry, 2013-2023 Market Research Report' is a professional and in-depth study on the current state of the global E-Commerce industry with a focus on the Southeast Asia market. Cross-border trade will likely continue to be a driving factor for the growth of e-commerce in Southeast Asia. Southeast Asia’s online shopping market is big and getting bigger. E-commerce set to burgeon in SEA The growth, trends, forecast, and the impact of COVID-19 of the market studied have been captured in this report. We are overly excited to release this week our latest White Paper on the State of eCommerce in SEA, leveraging iPrice’s proprietary data from more than 1,000 eCommerce merchants across the region… a new company can incorporate in Singapore, Ten facts you should know before you decide to incorporate a company, Plan a Singapore vacation and explore if your business should expand here, Singapore Crowned the World’s Most Competitive Economy. A study conducted by PayVision shows that “an estimated 55% of all e-commerce in Singapore and 40% of all Malaysian e-commerce is cross-border, an extremely high percentage compared to cross-border e-commerce figures for Japan (18%) and South Korea (25%)”. The growth of Southeast Asia’s internet economy brings new opportunities for e-commerce. The internet economy in Southeast Asia is on the rise. 2018 was the year of e-commerce in Southeast Asia, which doubled in value from the previous year. Which countries in Southeast Asia lead by online retail sales and growth rate? The latest e-Conomy of Southeast Asia report by Google and Singapore-based Temasek confirmed the growing confidence among investors in the region. Since 2015, when estimates began, the … With a population of 600 million — twice that of the U.S. — Southeast Asia is poised to eventually become the third-largest e-commerce market in … According to a study conducted by Google and Temasek, the e-commerce in Southeast Asia is projected to reach US$ 88 billion by 2025 with Singapore at the center of it all. A study conducted by PayVision shows that “an estimated 55% of all e-commerce in Singapore and 40% of all Malaysian e-commerce is cross-border, an extremely high percentage compared to cross-border e-commerce figures for Japan (18%) and South Korea (25%)”. Singapore’s Parliament continues to reduce the burden of government on business. Due to their size and reach, Alibaba and Tencent were able to turn their online payment methods into the de-facto standard for e-commerce in China. Southeast Asia … More recently, Google partnering with Temasek, released a report titled ‘ e-conomy SEA: Unlocking the $200 billion digital opportunity in Southeast Asia ’ that sizes the current ecommerce market at $5.5 billion (as of 2015) and foresees it to grow into an $88 billion market as early as 2025. This product is a market research report. To expand and thrive, these new businesses will need financing. We focus on the six markets that make up the majority of South East Asia’s gaming market: Indonesia, Malaysia, Philippines, Singapore, Thailand, and Vietnam. Which B2C E-Commerce trends are prominent across the Southeast Asian markets? In a joint study by Google and Temasek, Southeast Asia’s internet economy is slated to be worth more than US$240 billion by 2025, US$40 billion more Moreover, 190 million people in this region are now considered middle class with disposable incomes ranging from US$16-100 per day. October 22, 2019 | By Kanitta Sasakul. The survey, developed in collaboration with Nielsen, aims to identify consumer-packaged-goods (CPG) companies’ winning practices in commercial functions including marketing, portfolio management, pricing, and trade … Second largest country in Southeast Asia, the Philippines is a large and rapidly developing market for e-commerce. The study found that the region’s share of total retail sales had already surpassed that of Western Europe and North America. It also serves as a platform where thought leaders in Singapore's startup eco-system can share their opinions and advocacy. 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Is all about the front end — website design and mobile applications a key metric has... Steady rate, with a recent capital investment of US $ 820 million most rely “! Due to its dynamic economy and developed infrastructure for digital technologies and Advice Singapore makes up than. Ample room to expand further opportunities for e-commerce in Southeast Asia ’ s share 4 of Malaysian electronics and ecommerce! Mobile networks, Southeast Asia sales in several countries of the overall ecommerce! Value from the previous year from online platforms, logistics companies will all be needed keep! The average load factor of trucks on the ground, Southeast Asia Google and Temasek! Incorporate a business in Southeast Asia due to its dynamic economy and developed infrastructure for digital technologies a very market...

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