08-09-16: Jack Ma eyes Singapore e-commerce market

By Anya Palm

The charismatic billionaire businessman, Jack Ma, owner of the mega-webshop Alibaba, has his eyes on the Singapore e-commerce market – and possibly even further.

Recently Ma invested a whopping 1 billion dollars in the popular newcomer to the webshop market, Lazada, and given the fact that Alibaba has a firm grip on the market in both China and India, pundits now speculate that Singapore and with that South East Asia is next on the list.

Lazada already has a significant customer base spread out over six South East Asian, countries, points out Varun Mittal, who is the head of partnerships and markting in the online-payment company, Hello Pay:

“Alibaba has investments in both China and India. Southeast Asia sits right in the middle of that. Now that Alibaba has Southeast Asia, it has this part of Asia covered.”

http://sea-globe.com/alibaba-southeast-asia/?platform=hootsuite