Lazada sees healthy online retail growth

Thailand’s online retail market is expected to grow by up to eight times in the coming years, the same pace as China’s.

The proliferation of inexpensive mobile devices and the growing number of internet users will be the main contributors.

Riccardo Basile, chief executive of online shopping mall Lazada Thailand, said the local online retail market excluding food and travel would account for 1 percent to 1.5 percent of the country’s retail market this year.