[Southeast Asia] Business giants eye S’pore as springboard into South-east Asian e-commerce market
International giants are eyeing Singapore’s strategic location to gain access to the Southeast Asian ecommerce market. China’s Aliababa, for example, invested $1 billion to obtain a controlling share in the region’s No.1 ecommerce marketplace Lazada this April. “The potential for growth, government assistance and Singapore as an entry point into South-east Asia make the Republic attractive, experts say.” According to a study put together by Google and Singapore state investment firm Temasek Holdings, the region’s Internet economy will reach nearly US$200 billion by 2025 and Singapore’s ecommerce market is expected to reach to US$5.4 billion.
[India] Apple gets into online retail in India with Flipkart
After reporting that Walmart is in talks to buy a stake in Flipkart, Apple has partnered with Flipkart, India’s largest homegrown e-commerce website. Flipkart will directly source products from Apple’s distribution channel in the country. Currently, customers in India “are directed to third-party retail stores as Apple does not have the license to sell products directly.” This partnership will enable Flipkart to get better supply chain and marketing support from Apple. It will also allow Apple to better control the pricing of its products in the country. The iPhone 7 and iPhone 7 Plus will launch in India on Oct. 7.
[Australia] Aramex forms e-commerce JV with Australia Post
Dubai-listed logistics company, Aramex, has established a joint venture ecommerce company with Australia Post to “connect Australian businesses and consumers to the world economy and the fast-growing Asian e-commerce market.” Aramex owns 60% of the newly established company in Singapore.
[Amazon] Will Amazon Start In-Home Delivery Services? Online Retail Commerce Giant Reportedly Working With Partners On Smart Delivery
Amazon is rumored to be working on in-home delivery services. A smart lock company that provides “virtual keys” through smartphones and a company that offers garage automation via smartphones were reportedly in talks with Amazon and conducting tests. “The service would allow delivery personnel one-time access to deposit packages in a safe location.” The new delivery method could even mean “doing away with the external packaging, thus reducing waste and shipping costs.”
[Facebook] Facebook launches Marketplace, a friendlier Craigslist
Facebook Marketplace, a peer-to-peer shopping app, allows you to buy from people who live nearby and to list your products for sale as well. Marketplace could be friendlier than Craigslist since you can communicate with each other on Facebook Messenger and you know more about who you are dealing with thanks to Facebook’s profiles. That said, Facebook does not take responsibility for fraud or other issues during the transaction. The company is launching the app in the US, UK, Australia, and New Zealand on October 3rd. “[It] could one day generate ad revenue if it let businesses or people buy News Feed ads or sponsored placement for what they’re selling.”
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