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** Excessive fuel price hike causing terrible hardship yet govt admits no regret ** Bangladesh received $732m loan from IMF as balance-of-payment aid for Covid ** A group of students holds a sit-in programme by tying black clothes over their faces in front of the Petrobangla building at Karwan Bazar on Wednesday to protest against the fuel price hike and demand the resignation of Bangladesh Petroleum Corporation (BPC) Chairman ABM Azad. NN photo ** ‘Hike in fuel price could have been avoided’ ** Finance minister warns on BRI loans from China ** The major rivers in Barishal division flow over the danger level that causes inundation in most of the areas of Barishal city. The photo was taken from Vola Kheyaghat area of Tetulia River on Wednesday. NN photo ** BD did not ask Swiss banks for its citizens' deposited money : Swiss envoy ** Dollar soars to record Tk 119 in kerb market ** Dysfunctional referral system creates anarchy in medical services ** Health ministry's TC law strengthening initiatives welcomed ** Forget western sanctions on Myanmar, instead, think of an emergency govt to save us from impending catastrophe ** Young man set his motorcycle on fire after getting angry with traffic sergeant ** Vehicles get stuck on Dhaka-Chattogram Highway at Gouripur, Daudkandi Upazila in Cumilla on Monday morning as a long tailback was created on the road due to heavy pressure of vehicles, causing immense sufferings to the commuters. NN photo ** Dollar rate hits all time high at Tk 115 in kerb mkt ** RMG sector loses bargaining power ** US Senate clears landmark climate change bill ** Rape, robbery in running bus on the rise ** Holy Ashura today ** Country takes on more reserve fattening World Bank loans ** Launches remain anchored at Daulatdia ferry ghat in Rajbari on Saturday due to lack of passengers. NN photo ** City buses overcharge passengers defying govt order ** NBR yet to receive any instruction for tax cut on fuel import ** People to bear the brunt ** Low, middle income earners puzzled to bear family cost ** Gang raped on running bus: 5 held in Gazipur **

Ecommerce takes a giant leap

15 January 2022


Staff Reporter :
E-commerce has already witnessed a significant growth amid the Covid-19 pandemic with the sector expanding at a steady pace of 4.5 percent globally.
This was driven mainly by factors like increased digitization, improvements in technology and infrastructure, and consumers expecting more convenience and accessibility. The pandemic, however, has triggered a dramatic boom in e-commerce.
In South Asia, where e-commerce is behind regions like Southeast Asia, the pandemic has accelerated its adoption. Digital maturity in South Asia sped up, with more consumers - regardless of age - shifting to shopping online due to lockdowns, and businesses having to think outside of the box to find new sales channels and ways to keep customers engaged.  In line with this, Daraz - the largest e-commerce platform in South Asia - has seen business on its platform continue to record 100 percent year-on-year growth and is on track to reach over $1 billion sales on its platform this financial year. The company reached over 40 million users on its platform across its five markets and over 100,000 active SME sellers in 2021.
This growth is expected to accelerate even further, especially with internet penetration in the region growing, more SMEs now looking to integrate e-commerce into their businesses and governments in the region shifting their perceptions of the economic value of e-commerce.
The pandemic has provided the ultimate test in which governments across South Asia now recognize the role of e-commerce in keeping regional economies moving through the crisis.
As a key player in the industry, Daraz has showcased how its platform can support business continuity, ensure essential goods and services can continue to be delivered, and improve economic resilience of the markets it has a presence in.
South Asia's digital economy is now at an inflection point and Daraz is committed to working together with governments throughout the region to fuel the growth of e-commerce and digitalization across its five markets.  The goal is to increase the number of active e-commerce and digitally educated SMEs on Daraz's platform and ultimately create more jobs through its marketplace model.

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