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.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , mobile , commerce , 2021

   

Next In Business News

MKH Oil Palm IPO oversubscribed by 8.4 times
Bank Negara adds four companies to Financial Consumer Alert list
Nissan cuts annual operating profit estimate by 14.5% on lower sales
Oil surges as reports of Israeli strike on Iran roil markets
Bitcoin slides below US$60,000 on reports Israel strikes Iran
Stocks sink, oil jumps after Israeli attack on Iran
Yinson Production successfully places US$500mil bond issue
EG Industries expands partnership with US-based R&D firm
FBM KLCI rises despite broader market decline
Malaysia's exports rise in 1Q to RM362.41bil

Others Also Read