Catch up on the latest ecommerce headlines here.
1. ‘World’s largest fintech hub’ to launch in Singapore in November
2. Revenue-funded Hangrr aims to disrupt high-end suit tailoring business
Singapore figures prominently in Hangrr’s plans, and this is the beginning of an expansion that will continue through the year. “Having doorstep services in the country will allow us to communicate our brand value to a broader set of people, customers can call our measurement experts and can get measured at their convenience. Read the rest of the story here.
3. New roadmap issued for Singapore retail
Retailers can look to expand their markets locally and internationally through e-channels, which encourages retailers to adopt an omni-channel strategy to better reach out and support targeted end-to-end consumer needs across both online and offline channels. Read the rest of the story here.
4. Amazon makes non-Prime customers work harder to find the lowest price
An investigation by the nonprofit news organization ProPublica, published Tuesday, found that Amazon’s price comparison pages favored goods that were either sold by Amazon or through Amazon’s program for sellers who pay the company to warehouse and ship their products. Read the rest of the story here.
5. New Facebook dynamic retail ad shows in-store product availability, aims to push more sales
To help offline stores push more sales, and gain more ad budget, Facebook is introducing a new ad format that highlights available products at nearby stores, and targeting users who are most likely to go inside those stores. Read the rest of the story here.