Make it your homepage |   E-mail: Subscribe Unsubscribe

More than Half of Millennials Say Debt is Their “Biggest Financial Concern"


Sunday, May 26, 2013
News Making Money

Consumers in Asia-Pacific More Responsive to Social Endorsements

16/07/2012 05:23 (313 Day 22:18 minutes ago)

The FINANCIAL -- In emerging Asia-Pacific markets, social networks are widely popular among internet users. Moreover, compared to developed markets, they are also considered more influential for consumers making brand decisions.

ADVERTISEMENT

 

The March “Socialogue” study by global research firm Ipsos revealed that 54% of internet users in China said they would buy a brand because a friend “liked” or followed it on a social network, almost twice the average for Asia-Pacific overall. India and Indonesia followed China, at 44% and 39%, respectively.

This data indicates that a presence on social networks for brands in Asia-Pacific is essential for more than just exposure, but also sales, as more consumers warm up to online purchases. emarketer estimates that users in China, India and Indonesia will spend an average of $489, $721 and $613, respectively, online in 2012.

 

Granted, emarketer ’s figures include travel purchases, which account for nearly 80% of online spending in India, for example. As emarketer reported, still, as B2C websites in these markets improve delivery, security and payment options, the total discovery-to-purchase cycle is making a noticeable shift to online. While the value of “likes” and followers on social media in the West continues to be debated, the data indicates that for brands, being on social in Asia-Pacific is becoming essential.

 

 

Make Your Comment

Add NewSearchRSS
Only registered users and facebook social network members can write comments!











Developed by Aleksandre Chiabrishvili

Design built by Creo Group