Mobile commerce to top US$6 trillion by 2021


LONDON: Tech stocks may be slumping, but the growth of mobile commerce – one of the key trends that has underpinned investor enthusiasm for the sector in recent years – is only likely to accelerate, according to App Annie, a research company specialising in mobile applications.

The San Francisco-based firm forecasts that mobile commerce will top US$6 trillion annually by 2021, App Annie’s founder and chief executive Bertrand Schmitt said in an interview here on Monday.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Business , mobile , commerce , 2021

Next In Business News

US weekly jobless claims edge up; planned layoffs decline in July
Govt initiates expiry review of anti-dumping duties on China, Vietnam steel coils imports
AWC bags RM23mil data centre-related project
Major shareholders propose to privatise Tong Herr at RM2.55 per share
Fitch expects Malaysian banks to remain resilient despite slower growth
Oriental Kopi expands into Indonesia, targets first Jakarta outlet by end-2026
Ringgit ends higher against US dollar ahead of US jobs data
PUNB allocates RM80mil to support 220 Bumiputera entrepreneurs
Lotte Chemical Titan's 2Q26 net loss widens slightly to RM174.2mil
SLP Resources' 2Q26 profit jumps on higher selling prices

Others Also Read