Why AnyMind believes the rising ecommerce tide will lift its boat

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Hello reader,

If you feel a little overwhelmed by the myriad of online shopping options consumers face today, you’re not alone.

Should I get my new football boots from Lazada? How about Shopee or Tiki? Or should I just message the store on Facebook?

First-world problems right there. More choice is generally good for the consumer (even if I have too many apps on my phone) but how about the ecommerce platforms themselves?

It’s well-documented that the intense competition between the aforementioned firms and the likes of TikTok Shop has made ecommerce a cutthroat industry. But some are betting that competition is only going to heat up and help their bottom line.

One such example is aggregator AnyMind Group (5027, TYO), which sees a fragmented market as good for its business. My colleague Melissa has the full story on its ambitious plans to 16x its profit this year.

— Peter

THE BIG STORY

Image credit: Timmy Loen

Tokyo-listed AnyMind eyes 16x profit in 2023 as more seek online selling tools

In September, the ecommerce enabler revised its projections for full-year operating profit upward, from US$2.8 million to US$3.2 million.

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Photo credit: Valeriya Zankovych / Shutterstock

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