In the early days of the internet boom in Asia, it was mostly Chinese and Taiwanese internet companies that dominated the market.
Now, however, many of those companies are looking to gain market share by offering services that compete with Amazon, Facebook and others, as well as by offering products that compete directly with traditional retailers.
And it’s not just Chinese companies that are eager to get into the market, it’s also a trend across the region.
Here are some of the most influential companies to watch in Asia.
Aquacor, the world’s largest aquacor manufacturer, has been quietly ramping up in recent years, with some of its projects even getting the attention of President Trump’s administration.
Its Aquacor Aquatimer™ Aquatimix water purifier, which sells for $4,400 and has been used by the U.S. military and by military families to clean homes, is now available in China and the Philippines.
Amazon is also quietly ramped up in Asia by making its online grocery stores more popular in countries where Amazon has its fulfillment centers.
The e-commerce giant is making its grocery business in India and in Brazil its main focus.
It has partnered with Tata Group to expand its delivery services in India to include food, clothes and home delivery.
Apple has been building its brand in Asia since 2007 and has become a major player in the local electronics business.
The company recently announced it will expand its presence in the Chinese market by launching its iPhone in 2017.
Bidis, an online real estate website, has become an online home builder for both buyers and sellers in South-East Asia, and it recently launched in Vietnam.
Chinese internet companies have also taken a more aggressive stance in the Asian market, opening up their own shopping platforms.
Alibaba, which recently launched its e-Commerce platform, has also been investing heavily in Chinese e-retail.
Lucky, a digital marketing platform for e-sports enthusiasts, has opened its eSport hub in Vietnam and is launching a Chinese version of its popular Dota 2 game.
Microsoft has also made an effort in the region to gain traction, opening its cloud platform for cloud-based applications to China.
Yahoo is also in Asia to bolster its local e-mail and online shopping offerings.
It has signed a partnership with Chinese ecommerce company JD.com to open its ecommerce platform in Vietnam this year.
And the Internet giant is also getting into the online music business, opening a new streaming music service in Vietnam, where it plans to set up its own studio.
China’s internet giants are also becoming more aggressive when it comes to acquiring companies in other countries.
Last year, Alibaba bought out Chinese eartheater maker O.T.O., which it acquired in 2014 for $3.6 billion.
Alibaba then said that it would invest $300 million in O.G.O.
O, a company that makes wireless earphones that are designed to help people sleep better.
In the past year, Facebook has also begun buying up companies in Vietnam as well.
Other internet giants have also been looking to acquire companies in Southeast Asia, as it is one of the biggest global growth markets for digital goods and services.
The Southeast Asian country has seen a rise in online shopping and other digital goods sales, as a result.
Alibaba and Snapdeal, the largest online marketplace in India, have already teamed up to launch online payment services in Vietnam in 2019.
Ola, a ride-hailing company, is also building out a new service called Ola Xpress, which is aimed at expanding its online payments business in Vietnam by partnering with e-wallets, like Amazon, that provide an integrated experience for customers.
These acquisitions have led to a significant surge in Chinese internet companies’ share of the online retail market in Southeast Asian countries, according to research firm eMarketer.
China’s internet companies are now the biggest players in the market in Vietnam alone, with companies like Ola, Alibaba, Snapdeal and others taking up a huge share of Southeast Asian online retail sales.
But the trend in Asia is not limited to China and India.
There are also more recent acquisitions in the US, including an acquisition of the company that will make it the third largest internet company in the world, and a merger of two internet companies into one, which could also give rise to a new Chinese juggernaut in Asia that is now poised to surpass Amazon in the coming years.
Meanwhile, China has also launched a push to expand online shopping in the Philippines and Malaysia, which are also booming in online commerce.
In 2017, Amazon launched its Prime Now platform, which lets customers buy and sell goods online, but the service has struggled in its first year of operations, with the company facing fierce competition from online retailers like Alibaba and Ola