Singapore’s e-commerce market is anticipated to achieve US$5.4 billion (S$7.46 billion) by 2025. With certainly one of the best web penetration rates within the region at 82%, Singapore will proceed to be a frontrunner in Southeast Asia.
In the face of this highly competitive market, iPrice, a personal online shopping aggregator based in Kuala Lumpur, has released its first interactive e-commerce study, comparing 31 e-commerce sites in Singapore. Users can filter e-commerce information based on various parameters, reminiscent of traffic (based on SimilarWeb), app downloads and social media followers.
Users can filter e-commerce information based on various parameters reminiscent of traffic (powered by SimilarWeb), variety of app downloads, and variety of social media followers.
Data were collected from April to July 2017.
One interesting finding is that of the highest 10, seven local players dominate the local e-commerce scene. They are:
1. Lazing around
According to SimilarWeb, Lazada is the leader with a mean variety of monthly visits of 4.3 million.
Lazada made regional news in April 2016 when Alibaba acquired a controlling stake in the corporate for US$1 billion. Alibaba has since invested one other US$1 billion to extend its stake to 83%.
Most speculate that the aim of that is to strengthen their presence within the region in anticipation of the arrival of the Amazon.
2. EZBuy
EZBuy, formerly often known as 65daigou, ranks third with a mean monthly visits of two.2 million.
EZBuy raised $20 million in a Series B funding round in March 2016. Acting as an intermediary, their website allows users to buy items available from overseas online stores and handles all the pieces from purchasing the items to shipping and importing them.
3. ZALORA
Fashion giant Zalora got here in fifth with a mean of 1.2 million visits monthly.
The online clothing retailer has focused its efforts on high-potential, high-growth markets reminiscent of Indonesia and Singapore after selling its businesses in Thailand and Vietnam.
4. SHOPEE
5. REEBONZ
6. LOVE, BEAUTIFUL
7. FortyTwo
Source : e7.co
