Quantcast
Channel: The Real Singapore - Opinions
Viewing all articles
Browse latest Browse all 5115

Why Alibaba bought into SingPost and why S’pore will be big e-commerce hub

$
0
0

Asean’s has huge e-commerce potential. Seems contrary to the usual data cited, Asean has internet penetration of 32%, not the accepted wisdom of 10%. Smartphones have multiplied as has their use to access the internet.

http://blogs.ft.com/beyond-brics/2014/07/08/asean-nears-its-ecommerce-moment-report/ (Free but need to register)

 

Earlier this yr, China’s Alibaba Group has signed an agreement to invest S$312.5 million (US$248.88 million) for a 10.35 percent stake* in Singapore’s postal service, SingPost. 

The funds injection will see Alibaba-subsidiary, Alibaba Investment, acquire 30 million existing ordinary shares and 190.096 new ordinary shares, said SingPost in a statement. The two companies signed an agreement that would also allow them to assess the possibility of setting up a new joint venture related to global e-commerce logistics.

—-

*Alibaba bot roughly 190 million new Singapore Post shares and 30 million existing treasury shares for S$1.42 apiece, an 8.4% discount to SingPost’s closing share price of S$1.55. Stock cheonged to the 1.75 level where it remains.

 

Cynical Investor

*The writer blogs at http://atans1.wordpress.com/

Tags: 

Viewing all articles
Browse latest Browse all 5115

Trending Articles