tesco online singapore

Here are the ecommerce news you should know today.

1. Tesco is secretly setting up their online store in Singapore

Well, it doesn’t seem like a secret anymore. But news suggests that supermarket giant Tesco is gearing up to fight against Redmart and Amazon in Singapore. Tesco may not be visible on the streets  of Singapore, but it seems that the country will be Tesco’s testbed to go all out online, under the supermarket’s subsidiary called “Tesco Digital Ventures”.

Watch this space.

Read the rest of the story here.


2. Indonesia lays out regulations for peer-to-peer loan startups

It’s Indonesia’s first attempt at laying down rules to define how people may use the internet to connect money lenders with borrowers in efficient ways. Here are some quick pointers:

  • Foreign ownership limited to 85%
  • Foreigners can only act as lenders
  • Minimum capital of approximately $200,000

Read the rest of the story here.


3. What’s coming in Southeast Asia: The digital health opportunity

Healthcare in Southeast Asia is a US$100 billion dollar market. But there is a stunning diversity in the health systems of the ASEAN-10 cluster.

The ecommerce wave has also hit the healthcare sector, especially in regards to pharmacies. Digital marketplaces can help consolidate offerings to consumers in a landscape that is scattered with mom&pop pharmacies.

Going forward, this seems to be the trend for 2017.

Read the rest of the story here.

Interested to learn more about the Southeast Asian ecommerce landscape? Check out the 11 trends that will shape the region’s ecommerce landscape in 2017 here.

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