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E-commerce markets are growing at noticeable rates. The online market is expected to grow by 56% in 2015–2020. In 2017, retail e-commerce sales worldwide amounted to 2.3 trillion US dollars and e-retail revenues are projected to grow to 4.891 trillion US dollars in 2021. [52] Traditional markets are only expected 2% growth during the same time.
Statistics Indonesia (Indonesian: Badan Pusat Statistik, BPS, lit. 'Central Agency of Statistics'), is a non-departmental government institute of Indonesia that is responsible for conducting statistical surveys.
The Indonesian Chamber of Commerce and Industry (Indonesian: Kamar Dagang dan Industri Indonesia) or Kadin is an association of business organisations in Indonesia.Members of this organisation consist of entrepreneurs or a combination of national businesses from various sectors, both private-owned enterprises, cooperatives and government-owned enterprises.
The Audit Board of Indonesia (Indonesian: Badan Pemeriksa Keuangan Republik Indonesia, lit. 'Financial Audit Board of the Republic of Indonesia') is a high state body in Indonesia which is responsible for evaluation of management and accountability of state finances conducted by the central government, local governments, Bank Indonesia, state-owned enterprises, the Public Service Board, and ...
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China is the world's largest market for e-commerce. Domestic e-commerce firms have the greatest share of China's market, with foreign companies having a comparatively small presence. The expansion of e-commerce in China has resulted in particular e-commerce patterns like the development of Taobao villages and livestreaming e-commerce.
The KLIBF was not held in 2020 and 2021 due to the COVID-19 pandemic. In 2022, at least 1.36 million visitors participated in the event, exceeding the earlier expectation of 700,000 visitors. [10] The 40th event was held from 26 May to 3 June 2023, [11] and was launched in the presence of prime minister Anwar Ibrahim. [12]