Amazon’s new launch of its first Singapore website is making headlines, stirring a new sense of excitement among consumers and perhaps concern among local e-commerce companies. Amazon has been expanding its dominating presence around the world by leveraging dirt cheap prices, wide selections and excellent customer service. But with so many local competitors that have been operating in the region for so long, will it live up to this expectation in Singapore? We’ve crunched the numbers to find out.
Amazon Is Indeed Cheaper Than Other E-commerce Platforms
After scraping prices of different products on Amazon, Lazada, Shopee and Qoo10, we found that Amazon indeed has prices that are roughly 5-30% cheaper than its competitors. We found this to be