Pakistan is among fastest growing e-commerce markets: eBay CEO

DAVOS: The Chief Executive Officer of eBay, Devin Wenig, said in response to a question that Pakistan was among the fastest growing e-commerce markets in the world today.

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Wigner made the comments in response to a question that was posed to him online, during a Facebook Live session. The session was hosted on the World Economic Forum page.

“Anywhere where wealth is growing and technology is being adopted, e-commerce is growing like crazy,” he said. These are one of the fastest growing markets we have around the world,” he said.

He said that South East Asia, Eastern Europe and Latin America were places where eBay was particularly focused since there were people who were growing in wealth but didn’t have access to goods. Hence, people made use of eBay to gain access to these goods.

With regard to the benefits of e-commerce, Wenig claimed that eBay helped millions of entrepreneurs sell their goods to a global consumer base.

“In the era before tech, you could only sell around your block and how do you market or get your product sold? In the world of tech, you plug into eBay and you’re a global business,” he said.

Regarding Davos, Wenig stated that he felt this year at Davos was comparatively a bit negative and there was some concern about the rising nationalism and populism. However, he stated that he was an optimistic person and it was wonderful how people from around the globe to help make the world a better place.

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