PGMall is the leading homegrown online marketplace in Malaysia officially launched its Sell to China Program at Le Meridien Kuala Lumpur Hotel. JD.com is China’s largest online retail platform with a high standard for online shopping through its commitment to quality, authenticity, and its vast product offering covering everything from food and apparel to electronics and cosmetics.
PGMall operates under a unique Sharing Economy business model, to connect local sellers and shoppers on a platform that provides connected services to many logistics and payments service providers. To support local economies, PGMall has been actively collaborating with the local government to drive activities that support local sellers and products through PENJANA campaigns such as Micro and SMEs E-Commerce Campaign, Shop Malaysia Online (SMO), and Kempen Beli Barangan Malaysia (KBBM).
Proven to be effective, within a span of 4 years since its inception, PGMall has aggressively grown its business to greater heights and impressively ranked as the Third Most Visited Online Marketplace in Malaysia among two other long-established foreign-owned online marketplaces in Malaysia, by iPrice Insights in 4th quarter year 2020, with a total monthly visit of 8 million visitors – making it the No. 1 locally-founded Online Marketplace in Malaysia.
Staying true to its tagline ‘Bridging Local to the World’, PGMall is now able to bridge local businesses to the largest market in the world – China, through its collaboration with JD Worldwide, in the hope of helping affected businesses to recover from financial woes caused by the ongoing Covid-19 pandemic. On 27 January 2021, PGMall and JD Worldwide held a virtual signing ceremony to formalize their cross-country platform collaboration.
Dato’ Wira Louis Ng Chun Hau, Founder and Managing Director of PGMall said, “Many local
businesses, especially Small and Medium Enterprises (SMEs) have been struggling financially since the implementation of the Movement Control Order in March last year in response to the Covid-19 outbreak. Considering the ongoing pandemic situation, we feel that SMEs are in dire need of help to adapt and find alternative means to survive this financial crisis. We hope with this partnership with JD Worldwide, we are able to help local businesses to stay afloat and recover by offering them an alternative channel abroad to safeguard their business from further threat.”
According to a report from The Edge, up to a quarter of Malaysia’s small and medium enterprises (SMEs) are at risk of closure over the next few months because of the Covid-19 pandemic, says the SME Association of Malaysia.
“Unlike other online marketplaces that mostly market China products to the Malaysian market, we at PGMall are doing the opposite. One of our main objectives is to help local businesses to grow to their full potential and also enable local sellers to proudly showcase Malaysian-made products to the world while they grow and build a solid business empire with us,” Dato’ Wira added.
PG Mall Sell to China program provides a one-stop solution to satisfy all the seller’s needs. The services include brand registration on JD, product details translation to Chinese, marketing materials and campaigns, as well as local customer service. This streamlined process with official backing from JD Worldwide is a huge improvement compared to conventional methods of selling to China.
Within a few years, PGMall has experienced exponential growth, from a mere RM300,000 GMV in 2017, PGMall’s GMV expanded 200 fold to RM60 million in 2020. With the exceptional growth seen to date, PGMall is set to reach a targeted GMV of RM 600 million by year-end. To date, PGMall has attracted more than 1 million shoppers purchasing from over 25,000 sellers onboarded with around 2 million products, ranging from groceries, beauty, electronics, to lifestyle products.
China is not the only international market that PGMall is expanding its reach to, it is also currently expanding its team and efforts in Indonesia, the largest e-commerce market in Southeast Asia.
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Within a span of 4 years since its establishment, PG Mall has aggressively grown to greater heights and impressively ranked as the Third Most Visited Online Marketplace in Malaysia, among the two other foreign online marketplaces in Malaysia. According to iPrice Insights in its year 2020 third-quarter report, PG Mall has a total monthly visit of 8 million visitors – and is the No. 1 Local Online Marketplace in Malaysia.
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