Growth of marketplaces in Singapore
An early mover in infocomm technology, Singapore ranks as one of the most developed countries in Asia and is equipped with excellent infrastructure, robust intellectual property protection, trade connectivity, and access to global talent. The presence of leading companies in Singapore creates opportunities for synergies and collaboration in technological innovation.
Singapore’s mature technology sector has given rise to new generation e-commerce marketplace platforms such as Grab, Lazada, Zalora, and Carousell. Some of these influential online marketplace platforms from Singapore have continued to grow beyond their home market and successfully expanded into other Southeast Asian regions.
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