Here’s what you should know today.

1. Amazon is hiring people to break into the multibillion-dollar pharmacy market

Amazon is hiring a business lead to figure out how the company can break into the multibillion-dollar pharmacy market.

But this year, with the rise of high-deductible plans and the trend toward consumers paying for health care, it is ready to get more serious.

The company recently started selling medical supplies and equipment in the U.S., and is hiring for its “professional health care program” to ensure that the company is meeting regulatory requirements.

For Amazon, it’s a lucrative market that would require navigating a variety of existing players. For consumers with a high dollar deductible, Amazon could someday be a go-to destination to shop for drugs.

Read the rest of the story here.

 

2. WeChat just launched a search engine

WeChat launched a new feature conspicuously named “Search.” Created just for the app’s search engine, it lets users trawl through WeChat brand accounts, articles, music, and more.

Though it’s simply a new entry point for search queries for now, it signals commitment from Tencent – and perhaps new features to come.

The combination of social data, plus payment data, plus search query, will kill Baidu.

By investing more in its own in-app search engine, it’s clear that WeChat isn’t planning to open itself to other parties anytime soon. If you want to publish on WeChat’s platform, you have to register an account with WeChat. You have to play by the app’s rules.

Read the rest of the story here.

 

3. Singaporeans prefer electronic payments to cash

A Visa study has revealed that Singaporeans have the highest preference for electronic payments the in Southeast Asian region.

87% of Singaporeans prefer making electronic payments to using cash, indicating the highest preference for electronic payments in the region.

Nearly half (48%) of respondents stated they have more payment cards in their wallets now, compared to five years ago. The main reasons for not carrying large amounts of cash include an increased habit of using payment cards, mobile wallets and contactless cards.

Read the rest of the story here.

 

 4. Carousell is finally trying to monetize by allowing users to boost listings for a fee

For $2.14, users can bump their listing to the top of the relevant category for three consecutive days. Meaning that the listing will be pushed to the top (then move down as more listings are added), then move to the top again after 24 hours.

The feature, called ‘Bump’, also has a free option. Listings that are at least a week old can be boosted to the top once per week. The caveat is that sellers have to reduce their item’s price by at least 10 per cent.

Read the rest of the story here.

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