SINGAPORE (Oct 7): Asean courier service providers are about to get interesting with online retail sales poised to hit US$36.1 billion ($49.6 billion) by 2020, translating into a five-year CAGR of 23%.

Meanwhile, Asean postal volumes are also expected to triple by 2020, according to Nomura’s Global Market Research.

The impending explosion of online retail sales has already caught the eyes of regional players. Alibaba has invested US$1 billion for a majority stake in Singapore’s Lazada while Japan’s Softbank has raised its investment with Tokopedia in Indonesia.

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