Indonesian e-commerce service company Jet Commerce to enter Malaysia

Indonesian e-commerce service company Jet Commerce to enter Malaysia

Oliver Yang, the company's founder and CEO , said Malaysia's e-commerce industry is growing rapidly, making it an important market for the company.


According to a report by JPMorgan Chase, the annual compound growth rate of Malaysia's e-commerce industry is expected to reach 17% from 2020 to 2023.


Additionally, the Malaysian government will prioritize the development of e-commerce as part of its national economic recovery plan, which includes a $33 million investment.


A report jointly released by Google, Temasek and Bain also showed that the total merchandise value of e-commerce in Malaysia reached US$6 billion in 2020, and is expected to more than double to US$13 billion by 2025.


It is reported that Jet Commerce was founded in 2017 and provides e-commerce companies with services such as logistics, order processing, returns and packaging customization. It also provides digital marketing through its e-commerce channels. The company has operations in Thailand, Vietnam, the Philippines and China.


Jet Commerce relies on local talent to strengthen its presence in foreign markets, including Malaysia. By understanding the unique shopping behaviors of each market, the company can develop effective marketing strategies for its clients.


In 2020, Jet Commerce's transaction value in China (200%), Thailand (700%), the Philippines (1500%) and Vietnam (280%) all increased significantly compared to 2019, and transaction volume also increased, namely China (400%), Thailand (450%), the Philippines (1400%) and Vietnam (350%) .


Seeing the huge potential of the Malaysian e-commerce market, Jet Commerce has been laying the foundation for its Malaysian expansion since 2019. The company has established partnerships with various e-commerce platforms in the country, such as Akulaku, Shopee, and Lazada, and Jet Commerce manages the operational efficiency of its brand customers in collaborative activities with these platforms.


Yang said that since expanding to multiple countries, the company's business has shown strong performance even during the COVID-19 pandemic.


Jet Commerce is leveraging its success to make many new arrangements . It plans to optimize business operation efficiency in various ways by optimizing IT systems and integrating the entire network, and plans to launch some of the latest innovative technologies this year.


However, considering that more brands will use e-commerce as their main sales channel in the near future, the competition may become more intense .


Cross-border e-commerce market

Southeast Asia

<<:  Generation Z spending survey: 1990s fashion is back

>>:  Snapchat acquires product recommendation app Screenshop to advance e-commerce

Recommend

What is Pear Technology? Pear Technology Review, Features

Pear Technology It is a world-leading mobile adve...

What is shopperskartuae? shopperskartuae Review, Features

shopperskartuae is one of the leading independent ...

What is Loot Crate? Loot Crate Review, Features

Founded in 2012, Loot Crate is the global leader ...

Total sales up 75%, more people buying luxury goods online in South Korea

It is reported that the new coronavirus infection...

Amazon US Q3 Top 25 Beauty and Personal Care Products are out!

Amazon US Q3 Top 25 Beauty and Personal Care Prod...

What is Camelcamelcamel

Camelcamelcamel is a free Amazon price tracker th...

Amazon is shutting down its two-hour delivery app Prime Now

Amazon announced on Friday that it will shut down...

Increased by 69%, with great demand for same-day delivery in the Netherlands

Dutch parcel deliveries saw strong growth in orde...

The battle with Temu is expanding again! Is Amazon Haul going to Europe?

Low-price e-commerce has already created a storm ...

What is Huiwang Data Cube? Huiwang Data Cube Review, Features

Huiwang Data Cube focuses on promotion and continu...

Standardized processes free up Amazon bosses’ hands

(This article is contributed by "Cross-borde...

What is TIJN Gulf Trend? TIJN Gulf Trend Review, Features

TIJN is a Chinese cross-border e-commerce company...

The UK economy is recovering and home consumption is becoming a popular trend

According to Barclaycard data, spending on daily ...