Singapore online businesses tackling challenges in new markets

Singapore, alongside Hong Kong, had 88 per cent of online businesses selling to more than just their home market, ahead of other countries like France, China and Japan.
Singapore, alongside Hong Kong, had 88 per cent of online businesses selling to more than just their home market, ahead of other countries like France, China and Japan.ST PHOTO: KUA CHEE SIONG

It will come as no surprise that Singapore's limited market size has made local start-ups the regional leaders when it comes to venturing into new markets.

But as a new survey shows, that sense of adventure can also hit major hurdles when it comes up against foreign business cultures, different payment systems and regulations.

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A version of this article appeared in the print edition of The Straits Times on January 18, 2019, with the headline 'S'pore online businesses tackling challenges in new markets'. Print Edition | Subscribe