Van-booking apps having good prospects in Asia

Delivery van-booking apps seen having good prospects in Asia

Singapore
SINGAPORE is not about to witness the same war embroiling delivery van-booking apps like it did with taxi-booking apps late last year, industry watchers said, referring to the competition that saw at least six taxi-booking apps fighting brazenly for market share here. But prospects for delivery van-booking apps remain positive in the rest of Asia, they noted, amid greater demand due to the absence of proficient logistics infrastructure and the growth of e-commerce.
For starters, the Singapore market for such apps is currently small, with only two major players – GOGOVan and EasyVan – plying the roads. Both are Hong Kong-based, and at best one-third the number of taxi-booking apps here, which include San Francisco-based UberTAXI, Vertex Venture-backed GrabTaxi and Singapore’s ComfortDelGro.
On why Singapore hasn’t started its own GOGOVan, Christopher Quek, director of Angel’s Gate Advisory, said: “I presume that the independent delivery van owners have already signed on with more established logistics and courier providers and there are strict regulations that they cannot deliver goods for other companies.”
Source: The Business Times
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