by LYDIA NATHAN / pic credit: pgmall.my
LOCAL sellers can soon reach China’s 1.4 billion population through PG Mall Sdn Bhd (PG Mall)’s joint-venture agreement with China-based cross border e-commerce platform JD.com Inc.
PG Mall Executive Chairman Datuk Wira Louis Ng said as Malaysians are used to seeing China-made products being marketed here, the company wanted to turn the table around.
“Unlike other similar online marketplaces that mostly sell Chinese products to Malaysians, we at PG Mall are doing the reverse.
“This will help local businesses to grow to their full potential and showcase Malaysian-made products to the world while they grow a solid business empire with us under our Consumerchant concept,” he said at the virtual signing today .
Consumerchant is PG Mall’s very own unique business concept which promotes and encourages entrepreneurship in everyone while building an empire on the platform.
The group recorded RM500,000 in revenue in 2017, expanded tenfold to RM5 million in 2018, and is set to reach its targeted revenue of RM100 million in revenue by the end of this year.
The platform has over 10,000 sellers and a million shoppers with merchandise consisting of lifestyle products as well as services catering to local and regional markets.
Meanwhile, Ng said the group also saw the ongoing implementation of the Movement Control Order (MCO) as an opportunity to be a gateway to bridge the gap between the borders.
“PG Mall was founded purely with local merchants and shoppers in mind and this partnership will enable our sellers to reach a global market like China, which ranks the second-largest market in the world,” he said.
Ng added that he hoped to sustain and grow local sellers battling the impact of the Covid-19 pandemic as online shopping takes precedence over brick-and-mortar stores today.
“We view this as a great opportunity to help sustain and grow local businesses, while rewarding shoppers with greater rewards as they shop from the comfort and safety of their homes,” Ng noted.