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e-Commerce in Asia: The rising Singapore.com
Eugene F Sebastian
Research Institute for Asia and the Pacific, University of Sydney, NSW
Abstract
In the fast moving world of e-commerce, businesses are rushing to gain a share of this rapidly evolving market. Forrester Research predicts worldwide e-commerce will reach US$6.8 trillion from $657.0 billion in 2004. North America will continue to be the global e-commerce leaders, contributing US$3.5 trillion in online business but the region's dominance will be eclipsed as some Asia Pacific and Western European countries hit hypergrowth over the next two years.
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