Amazon Will Enter The Singapore Electricity Supplier Market

According to the world clothing shoes and hats net,

It will continue its international expansion and will soon visit Singapore.

Amazon will enter Singapore as soon as possible this week, which will mark Amazon's entry into Southeast Asia, according to people familiar with the matter.

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Related personages say, Amazon will launch Amazon Prime service in Singapore, when Singapore consumers will enjoy Prime Now's extreme speed distribution and other Prime services, at present, the pricing of Prime members in Singapore is not clear.

Amazon declined to comment.

Last November, it was reported that Amazon wanted to enter the Southeast Asian market, but the planned advance plan for the first quarter of 2017 was postponed.

And there are signs that Amazon has started promoting its Prime service through Singapore network.

Some well-known Instagram users in Singapore have recently released sponsorship ads for Amazon Prime Now services.

Although Amazon is not specified, the unique symbols on the packaging are obvious.

In 2017, Amazon continued to enter new markets and vertical industries.

It has been extended to the Middle East market through the acquisition of Souq.com, and is ready to enter the Australian market, and has acquired nearly $14 billion in the US for Whole Foods.

Now it will soon enter the Southeast Asian market.

There are 600 million consumers in Southeast Asia.

And Tencent are actively investing in the market.

Alibaba entered the Southeast Asian market last year by buying most of Lazada's stake.

Recently, Alibaba has invested again in increasing Lazada's stake to 83%.

Alibaba and Lazada also grabbed the Redmart of Singapore's electricity suppliers and food companies before Amazon arrived, and launched a similar Prime member service with Uber and Netflix.

Alibaba's Tokopedia platform, which is ready to invest, has also attracted Amazon's attention.

The Indonesian market, like India, is seen as a fertile ground for business growth.

According to a report released by Google and Singapore Fund Temasek last year, the current market share of electricity providers in Southeast Asia is less than 5%, but it is expected to grow significantly in the next 10 years.

According to reports, driven by the rising middle class and Internet penetration rate, the electricity market in the region will grow from 5 billion 500 million US dollars in 2015 to US $87 billion 800 million in 2025.

At present, there are 3 million 800 thousand new Internet users in Southeast Asia each month.

Indonesia is the largest economy in Southeast Asia and the fourth largest country in the world.

By 2025, Indonesian consumers will spend more than 50% of their electricity suppliers.

Amazon chose Singapore as a pedal to enter Southeast Asia, mainly because of its western consumer culture and its status as a regional hub, but Indonesia will be the future target market of Amazon.

Amazon Co (Amazon, Amason, NASDAQ:AMZN) is the largest Internet e-commerce company in the United States, located in Seattle, Washington.

It was one of the first companies to operate e-commerce on the Internet. Amazon was founded in 1995. It only started selling book sales business in the Internet. Now it has expanded to other products of a wide range. It has become the largest online retailer and the second largest Internet company in the world. Under the company name, it also includes subsidiaries such as AlexaInternet, A9, lab126 and Internet Movie Database (IMDB).

Amazon and other retailers provide millions of unique new, refurbished and used products for customers, such as books, movies, music and games, digital downloads, electronic and computer, household gardening products, toys, baby products, food, clothing, footwear and jewelry, health and personal care products, sports and outdoor products, toys, automobiles and industrial products.

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