Lazada Brings Alibaba's Biggest Bazaar to Singaporean Shoppers
Yoolim Lee
ricky l
Lazada has pervasive online market access to S-E Asia market.
Whereas Alibaba has pervasive online market access to China market.
Both have access to big online consumer market.
In addition both Temasek Holdings has invested in Lazada and Alibaba and Alibaba has also invested in Lazada - this will be a mutually beneficial investment.
Singapore SMEs are also encourage to sell its products through Lazada.
And Lazada strict compliance to non-fake goods will also be a catalyst to help Alibaba to clean up fake goods in its online offerings.
In a long run, think this digital platform for online retail offerings ---- will propel a promising sector for both Singapore and China digital economy.
Whereas Alibaba has pervasive online market access to China market.
Both have access to big online consumer market.
In addition both Temasek Holdings has invested in Lazada and Alibaba and Alibaba has also invested in Lazada - this will be a mutually beneficial investment.
Singapore SMEs are also encourage to sell its products through Lazada.
And Lazada strict compliance to non-fake goods will also be a catalyst to help Alibaba to clean up fake goods in its online offerings.
In a long run, think this digital platform for online retail offerings ---- will propel a promising sector for both Singapore and China digital economy.
ricky l
And Singtel is the technical arm that help Singapore SMEs to post their goods and services in the retail online platform - providing technical expertise and IT security protection to enable this digital economy platform for retailing.
ricky l
Digital Economy will be the parallel and next wave Economy - alongside the traditional Economy - albeit the Disruptive Technologies that can propel alternative GDP alongside the traditional Sector that is fueling the traditional GDP.
ricky l
Eg. of Parallel run between Traditional Sector alongside Digital Economy will be :-
(1) Normal Taxi (meter run) vs Grab
(2) Normal Banking (over the counter and online banking) vs Fintech, Blockchain
(3) Normal Retail shopping vs Online shopping
etc etc
Both the Traditional Economy and its corresponding Digital Economy - will contribute to the Economy and the GDP - and both can earn profit.
This will be dual engines firing and running at the same time.
And Digital Economy can traverse boundary and go International Market with no boundary - and propel an External Economy.
(1) Normal Taxi (meter run) vs Grab
(2) Normal Banking (over the counter and online banking) vs Fintech, Blockchain
(3) Normal Retail shopping vs Online shopping
etc etc
Both the Traditional Economy and its corresponding Digital Economy - will contribute to the Economy and the GDP - and both can earn profit.
This will be dual engines firing and running at the same time.
And Digital Economy can traverse boundary and go International Market with no boundary - and propel an External Economy.
