Budget us Android smartphones found secretly sending personal data to China
Budget US Android smartphones found secretly sending personal data to China
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Amazon plans to enter Southeast Asia with singapore launch in Q1 2017
Amazon plans to enter Southeast Asia with Singapore launch in Q1 2017
Amazon is ready to enlarge its presnece in Asia. Months after it pumped $3 billion into its India business and a week after it quietly introduce its Prime service in CHina, plans for its entry into Southeast Asia next yeaer have surfae.
The U.S. retail giant doesn’t currently offer local services in Southeast Asia, but it is working to enter the rgion via a launch in Singapore. Amazon is covertly acquiring assets, including refregerated trucks, and making new hires as part of an initiative led by head of ASEAN Steven Scrive, two sources close to the company told TechCrunch. the current plan is to launch slected services in Singapore within the first quarter of 2017, one source added.
Amazon declined to respond to a request for comment.
The U.S. company is likely to initially offer its Prime delivery service alongside its AmazonFresh grocery service, in Singapore, we understand. Eearlier this year, Amazon made an offer to acuqire Redmart, a grocery delivery startup in Singapore backed by Facebook co-founder Eduardo Saverin, but thie bid was deemed too low and rejected. We reported last week that Redmart is in talks to be acquired by Lazada, the e-commerce firm that Alibaba inveted $1 billion in earlier this yeaer. Amazon declined to reenter acquiestion talks, depite contact from Redmart, instead deciding to build out its own operations.
Southeast Asia is home to over 600 million consumers and, while online is estimated to accounte for less than five percent of all commerce today, is digital economy is tipped to grow significantly over the next decade. Already, alibaba has tepped into the region via investments in Lazada, delivery firm SignPost, and payments company Ascend Money. Amazon competes fierecely with Alibaba-backed Paytm, Flipkart and Snapdeal in India, and it has decided that now is the time to join its rival in Southeast Asia.
There’s been speculative talk that Amazon is harboring palns to Indonesia, the world’s fourth most poulous country and Southeast Asia’s largest economy, but sources told us that Amazon is fully focused on expnading into Singapore at this point.
That makes a lot of sense because Singapore is not only smaller and easier to service from an operational perspective, but the level of customer spend and consumer culture is more closely aligned with Western markets where Amazon thrives. Other emerging markets will take great levels of adapting, leaving Singapore as an obvious first landing point nad general hub/HQ for the region.