eBay appoints new head of rising markets, protecting areas like Southeast Asia and India

eBay introduced as we speak that it has appointed Vidmay Naini as its basic supervisor for world rising markets, a task that covers the corporate’s progress in Southeast Asia, India, Jap Europe, Israel, the Center East, Africa and Latin America. Earlier than his new place, Naini led eBay’s Southeast Asia and India companies.

Naini has been with eBay for 18 years and his earlier tasks embrace eBay’s strategic funding in Flipkart.

In a press release, Naini stated, “the digital economic system is exponentially rising in these markets, with small and medium-sized companies propelling its progress. World e-commerce platforms corresponding to eBay can revolutionize export alternatives and increase the attain these companies can obtain.”

In its announcement about Naini’s appointment, eBay highlighted its 2022 Southeast Asia Small On-line Enterprise Commerce Report, which discovered that 99% of all small companies on eBay at present export gadgets to a mean of 25 totally different worldwide markets on an annual foundation.

In Southeast Asia particularly, 68% of “eBay-enabled small companies” in six international locations—Indonesia, Thailand, Vietnam, Malaysia, the Philippines and Singapore—export to 10 or extra worldwide markets.

Naini advised Tech Wire Asia final July that he expects to see robust progress in Southeast Asia and that eBay’s enterprise within the area was simply starting to take maintain. “We’ve seen vital progress in our enterprise, particularly with the SMBs promoting from this area to the world. The reality is, we’re simply scratching the floor as a result of we see eBay as a really nascent enterprise right here nonetheless, and we count on it to develop multifold.”