Market Share of Singapore E-Commerce Industry
In Singapore, the competition in the E-commerce market has increased as the customer's adoption of online sales channels has grown. The market is moderate. An increase aids this growth in internet penetration. Further, brands such as Lazada, Shopee, and many more expand their reach by providing customer-centric services that enhance customers' online shopping experience.
- March 2022: WEBUY, a Singapore-based social e-commerce business with offices in Malaysia and Indonesia, has acquired Chilibeli, Indonesia's largest and most popular community group buy platform. WEBUY will become the leading social e-commerce company in both Singapore and Indonesia as a result of this purchase. Chilibeli, like WEBUY, uses a social group buys concept to optimize the supply chain and create revenue for group players.
- September 2021: Ninja Van, a Singapore-based logistics company, has raised USD 578 million in a Series E investment to fund the expansion of its operations infrastructure and technological systems. According to the company's statement, investors include China's Alibaba Group, as well as current backers DPDgroup's GeoPost, Facebook co-founder Eduardo Savering's B Capital Group, Monk's Hill Ventures, and Zamrud, a Brunei sovereign wealth fund. Ninja Van plans to use the funds to expand its activities, including micro-supply chain solutions to maximize Southeast Asia's e-commerce prospects.
Singapore E-commerce Market Leaders
Lazada
Shopee
EZbuy
Amazon.com Inc
Sephora
*Disclaimer: Major Players sorted in no particular order
