Alibaba’s Taobao is promoting Singles Day shopping deals in Singapore as Chinese e-commerce companies like Alibaba and ByteDance’s TikTok Shop dominate around half of the online shopping market in Southeast Asian countries, according to Bain and Company. These companies are expanding globally despite U.S.-China trade tensions, with Alibaba’s international division reporting 19% year-on-year revenue growth.

Chinese e-commerce companies have learned valuable lessons from their home market, leading to their success abroad. Amazon shut down its China marketplace in 2019 due to competition from domestic players. China’s e-commerce market is more than twice the size of the U.S. market. In Southeast Asia, Indonesia leads with $62 billion in e-commerce GMV, while Singapore trails at $8.55 billion.

In the U.S., non-Chinese e-commerce players dominate the market, with Amazon reporting significant net sales in North America and internationally. Walmart also saw substantial growth in online U.S. sales, emphasizing the strong presence of U.S. e-commerce giants. The market remains competitive with various players vying for market share.

Read more at CNBC: Chinese companies have begun to dominate Southeast Asia’s online shopping market