Malaysian e-commerce retailers urged to embrace digital platforms for competitive edge

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KUALA LUMPUR: Malaysian e-commerce retailers, big or small, should take advantage of the digital platform and stay competitive by adopting the latest ...

: Malaysian e-commerce retailers, big or small, should take advantage of the digital platform and stay competitive by adopting the latest channels and technologies as the online market grows.

“For e-commerce businesses, digitalisation does not only bring opportunities for new business and revenue streams by opening up markets beyond geographical boundaries, but it also brings more intense competition from players across the region,” he said in his speech at the launch of the collaboration between Digital Nasional Bhd and Shopee Malaysia today.

According to the Department of Statistics’ 2022 report, MSMEs play a critical role in Malaysia’s economy, employing 7.6 million workers and contributing 38 per cent, or some RM580 billion, to the country’s gross domestic product . “Today’s collaboration between DNB and Shopee will see MSME sellers leverage the ultra-fast, low-latency 5G connectivity, which will enable high-definition, seamless and real-time shopping experiences.

 

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