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The Amazon Singapore website announcing deliveries in Singapore is seen in this illustration photo July 27, 2017. An employee works at Amazon's Prime Now fulfillment centre in Singapore July 27, 2017. Amazon.com Inc launched its two-hour delivery service in Singapore on Thursday, marking the e-commerce giant's biggest push into Southeast Asia and its first head-on battle with Chinese rival, Alibaba Group Holding. While Amazon already delivered to Singapore, higher-end services had not been available, including Prime subscriptions which provide access to the company's video-streaming service. The Prime Now Singapore app promises to deliver everything from Tiger Balm ointment to eggs, hammer drills and Pampers nappies within two hours. In Asia, Amazon has largely sidestepped China and focused on India, where it is the number-two player behind local rival Flipkart. But its arrival in Singapore, a tiny but wealthy city state of just over 5 million people, has been hotly a...

A new report from Deloitte has been dismissed by the Hong Kong government after it ranked the city fifth for FinTech and three spots behind Singapore. In a report from the  South China Morning Post , it’s claimed that the study didn’t compare financial technology development, but financial and business environments together. According to Chan Ka-Keung, Secretary for Financial Services and the Treasury Profession, the report looked at three organizations which subsequently ‘ranked the competitiveness of financial centers, their innovation capacity and business environment.’ However, many questioned why Hong Kong had been placed behind its rival Singapore, which according to a Fintech Adoption Index compiled by Ernst & Young in 2015, found that Hong Kong’s FinTech use was twice that compared to Singapore’s. This despite the fact that last month it was reported that there was  increased cooperation between the two countries  to mak...