singpost-southeast-asia

Here’s what you need to know for today.

1. SingPost strengthens collaboration with Alibaba in ecommerce logistics

Approval from the Info-communications Media Development Authority (“IMDA”) has been obtained for Alibaba to increase its interest in SingPost to 14.4% from 10.2% currently. Alibaba’s further investment of S$187.1 million into SingPost is targeted to be completed by 28 February 2017.

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2. Recommended reading: How did KFit manage to acquire Groupon Malaysia?

Joel Neoh (KFit founder): “With this acquisition, we have a strong base to deliver on the value proposition of pricing and discounts. We plan to build upon this foundation by adding a compelling value proposition of convenience. We see this combination as a key driver in the success of Chinese O2O companies.”

Read the rest of Neoh’s interview here

 

3. Inside Amazon Web Services’ plan to expand in Southeast Asia

The company has plans to launch in Thailand, Malaysia and the Philippines next year.

“In Bangkok, even when there is the traffic jam problem, there is no culture of using data. So we are trying to educate them,” Goragot Wongpaisarnsin, Assistant General Manager of Toyota Tsusho. (AWS works with Toyota Tsusho).

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