Alibaba buys Lazada.
Amazon supposedly tried to buy Redmart. For the record – I would have took that deal.
Now Lazada buys Redmart. I don’t know the deal specifics but clearly this was not a sale from a position of strength. Redmart needed cash and I think this was the best option – versus going out of business.
Now Amazon announces they are coming to Singapore. Personally I am stoked. It is hard to not want some sort of Prime Singapore situation. I buy stuff from Lazada from time to time but it is kind of a crappy experience. It works but it is not amazing. Give me fresh, books, video and Alexa all working locally and I think it will be awesome.
Globally no one is equipped to rival that. No one. Sure Alibaba has some of the pieces and they may weave together something similar from the remnants of Lazada, Redmart and all the other products/properties they own but I doubt it can rival Amazon. I also doubt I will have any interest in it.
Some may see this a harbinger of things to come – the global guys coming in but for me I see this as something deeper and far more exciting. SEA is now on the map big time. It’s an ecosystem big enough to care about and if you happen to be here, building for this scene. Cry tears of joy.