Local
Business
Sports
Leisure
BM
Kadazan Dusun
EDUCATION
ECO
Archives
Latest News
 
Nst-studio
MASkargo receives halal certification |  Consumers in Malaysia unhappy with e-commerce delivery experience: study |  Madius: Govt serious in boosting industry sector |  Sabah getting popular for incentive tourism - Liew |  Sabah to proceed with TAED and dam |  Peter wants Tambadau fans to be the 12th man |  SOSKK: Scrap the Tanjung Aru Eco Development (TAED) Project |  Four teens charged with murder of eatery owner |  Resort gives international boost to Sabah indigenous handicrafts |  Bagas PPD Ranau pinili mamaramit ‘Tokoh Guru’ |  Duvo mananakau i sumuang hamin nasagkom id Sandakan |  Komontilian Kohidasan pokionuon mongintong ahal koumohigan om kohidasan pakalaja |  Developing Sabah education system via federal and related agencies support |  Petronas Chemicals and Scomi to jointly develop, market chemical solutions |  DirectD launches Huawei purchase awareness campaign | 
 Business

Rapid e-commerce growth spurs online shopping charge

21st December, 2017

KUALA LUMPUR: The rapid growth of the e-commerce market in Malaysia in 2017 spurred the expansion of the online shopping sphere.

It also encouraged local businesses to embrace omni-channel retailing said 11street – Malaysia’s second largest online marketplace.

It predicts four key trends that will up the ante for e-commerce industry in the country: rise of diversified payment methods; evolvement of the check-out process; greater transparency on product delivery; and dynamism of the e-commerce market for brand players.

Chief Executive Officer of 11street, Hoseok Kim said: “The e-commerce industry in Malaysia has done well, in which we see a penetration rate of 2.5%, and given the broadened acceptance of e-commerce, the time has come for e-marketplaces to make online shopping a better and more seamless experience for consumers.

“Once the right infrastructures are in place, we expect to see Malaysia accelerating its e-commerce penetration, with a rate of 4% to 5% in 2018 – a figure that doubles that in 2015,” Kim added.

   
Email Print
   
 
 
E-browse