Chong Jinn Xiung looks back on 2016 and chooses his five favourite stories.
11street’s survey findings conclude the Malaysian Shopping Market for 2016, and lay out what is in store for the new year
The online shopping sphere in Malaysia is thriving and fuelled by the potential for it to mature and grow according to a recent survey conducted by online marketplace 11street.
Malaysians can’t pass up on a good deal and more are directing their online searches to seeking out promotions and deals in the weeks leading up to the Merdeka or national day celebrations.
11street and Central Market, one of Kuala Lumpur’s oldest and most famous centres for Malaysian culture and handicraft products, have signed a memorandum of understanding (MoU) to make the historic venue’s offerings available to customers online.
Celcom has signed an MoU with MDeC which will see it becoming the digital partner for the latter’s eUsahawan digital entrepreneurship programme.
Although Malaysian consumers are likely to experience a decrease in spending power this year, online marketplace 11street remains bullish with regards to the e-commerce industry’s prospects and its own business opportunities in the country.
There are gaps in both the buyer and seller space in Malaysia’s burgeoning e-commerce market that need to be addressed, according to 11street Malaysia chief executive officer Hoseok Kim.
Malaysia’s newest e-shopping mall 11street.my, which was first announced in February, has gone live.
Ahead of its April launch, South Korean online marketplace 11street has unveiled its ‘Seller Zone,’ which it claimed is the first education centre and support facility in Malaysia for e-commerce business coaching, training and development programmes.