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Prime is adding ads to their streaming service
(sh.itjust.works)
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It’s unusual pricing as Singapore (rather notoriously) has a high cost of living and a lot of wealthy people kicking about. Usually digital service costs are comparable to US/European prices. There are a few other online shopping options (eg Lazada and Shoppee) that could be regarded as incumbents with likely higher market share, hence my suspicion on the predatory pricing, just as you say really.