Malaysia is the third largest economy in Southeast Asia and the 35th largest e-commerce market in the world. It is predicted that from 2019 to 2025, the growth rate of Malaysia's e-commerce market will be 18.8%, far exceeding the global average of 11%.
E-commerce sales in Malaysia have continued to grow strongly in recent years, with double-digit revenue growth over the past decade. This growth has continued into 2022, although the pace of growth has slowed slightly from the previous year.
Moreover, Malaysia's e-commerce has broad prospects, with government support and consumers favoring digital payments. In 2004, eBay launched its Malaysian site, thus officially kicking off the Malaysian e-commerce market.
In addition, Malaysia's population is young, and the Internet penetration rate has reached 85%, about 26 million people, and 80% will choose to shop online. Among the many online shopping consumers, 93% will choose digital payment, such as Alipay, WeChat Pay, Google Pay and PayPal.
At the same time, the Malaysian government is also actively promoting the development of e-commerce, including making the Internet cover more rural areas and enhancing e-wallet technology services.
After the indonesia ban, In Southeast Asia, a hot land of e-commerce that is still boiling, crises and opportunities come together, and order will eventually be slowly established as the melee continues.
