Shopee, Southeast Asia and Taiwan’s leading e-commerce platform, expects e-commerce activities to increase in the second half of the year.
“We have no qualms that second half of 2019 is going to be a vibrant season that is poised for strong growth with the 9.9, 10.10, 11.11 and 12.12 sales, not just for our industry but also the entire network of industries that support e-commerce including the banks, telcos and logistics providers,” Shopee said in a statement.
Based on empirical data, the e-commerce platform said the first half of the year was usually quieter in the e-commerce world with shopping activities increasing towards the tail end of the year.
“However, Shopee recorded stellar performance on all fronts of our business during the first half of 2019, which was supported by the increased shopping activities particularly during Chinese New Year and Hari Raya. We achieved more than a 3-fold increase from 2018’s corresponding festive periods,” it said, adding that its growth was further fueled by the introduction of its next-day delivery service in June. To-date, Shopee Malaysia employs more than 600, a 50% increase from the same period in 2018. The employees in Malaysia are trained to serve the Malaysian and part of Singapore’s markets. The employment and job creation contributes to the growth of Malaysia’s consumption economy.
“In just a year, Shopee has doubled the number of downloads of our app from around 10 million downloads to 20 million downloads to-date. This was achieved through creative branding and communications efforts, successful and exclusive brand tie-ups and strong word-of-mouth advocacy by Malaysians in general; a testament that our product serves the demands of the markets,” Shopee said.
Shopee said apart from the sales campaigns lined up for the rest of the year, it would continue to scale our efforts in line with the Government’s initiatives in accelerating growth of e-commerce as part of the National eCommerce Strategic Roadmap.
“One of our missions has always been to better the lives of consumers and small businesses with technology. We believe in the transformative power of technology and want to solve social and lifestyle problems for retailers, entrepreneurs and consumers by bridging the gap between all stakeholders and creating greater convenience that would change the way retailers trade and people live,” it said.
“We have made it our mandate to ensure that Malaysia is on track to achieve its projected annual e-commerce growth of 20% in 2020. We will continue to work and support to the best of our abilities and capacity to benefit the local economy and Malaysians as we strive towards a high-income nation by 2024,” Shopee said.
0 Comments
Leave a Reply. |
CORWIN GROUPLatest News Archives
October 2021
CategoriesBy submitting this form, you provide consent for Corwin Group to email you occasionally with industry news and promotions. You may unsubscribe from these emails at any time.Testimonials & Disclaimer
Important Disclosure: By visiting this site, you agree to be bound by CorwinGroup’s Terms of Use and Privacy Policy. CorwinGroup.com is intended for accredited investors and otherwise qualified investors who understand and accept the risk associated with private investments. Investing in private investments on CorwinGroup involves risks, including, but not limited to market and industry risks, risks related to a specific property, currency fluctuation risk and liquidity constraints. Investments are not bank deposits and are not guaranteed. There is a potential for loss of part or ALL of the investment capital. CorwinGroup does not endorse any of the opportunities that appear on the site, nor does it make any recommendations regarding the appropriateness of particular opportunities for any investor. No correspondence or information provided on CorwinGroup.com or by any representative of CorwinGroup should be construed as a recommendation of a security. Each investor is advised to conduct his/her own due diligence as CorwinGroup does not provide any investment advice, business advice, or tax or legal advice. CorwinGroup is not registered under the Securities & Futures Act or the Financial Advisor’s Act. Neither the Securities and Exchange Commission in the country nor any federal or state securities commission or any other regulatory authority has recommended or approved of the investment or the accuracy or inaccuracy of any of the information or materials provided by or through the website. Please read Corwin’s Terms of Use for more detailed terms and conditions to which users of CorwinGroup are subject. |