What is Redmart?
Redmart provides online shopping services for fresh food and other groceries in Singapore, covering more than 8,000 products on the platform. The biggest feature of RedMart is its self-built warehousing and logistics. Because grocery delivery is more complicated than other commodities, as the new business progresses, they re-planned the logistics system and added third-party runners.
Redmart was established in Singapore in November 2011. In the early days, it was an e-commerce company mainly responsible for operating fresh food, and its business mainly covered Singapore.
On November 2, 2016, Alibaba's Southeast Asian e-commerce company Lazada announced that it would officially acquire Singapore's local e-commerce company Redmart by the end of this year. At present, although the specific transaction amount has not been announced, some outsiders speculate that it is around 30 to 40 million US dollars. And according to a joint statement issued by Lazada and Redmart, the company will continue to operate independently and the management team will remain in the company.
In March this year, the website and app of Singapore's online supermarket redmart will officially cease operations at 11:59 pm on March 14 this year. And on March 15, it will be integrated into Alibaba's LAZADA shopping platform.
What businesses does Redmart provide?
RedMart’s original biggest feature was its self-built warehousing and logistics, as grocery delivery was more complicated than other commodities. However, as the new business progressed, they also replanned the logistics system and added third-party runners.
In RedMart's new business, in order to ensure the advancement of on-demand services, the original deliverymen of the platform can send the orders they are delivering to the nearest third-party runners whose routes are consistent with his orders. The algorithm of this nearest route is similar to Uber's ride-sharing. However, the key issue still lies in order matching and personnel scheduling.
This is the end of the information about RedMart in this issue. If you want to get more information about RedMart, please pay attention to us. We will continue to answer your questions~