The tabling of Budget 2021 by Finance Minister Tengku Dato’ Sri Zafrul Tengku Abdul Aziz sees a digital-inclusive effort by the Government even while it balances between addressing bread and butter issues and resuscitating the domestic economy.
We are encouraged by the continuation of initiatives like Shop Malaysia Online as well as Micro, Small and Medium Enterprises (MSMEs) E-commerce Campaign that are aimed at spurring local consumption, stabilising cash flow, boosting revenue as well as driving economic growth through e-commerce platforms.
As a company that has always been committed to empowering local businesses, Shopee will complement these initiatives and double our efforts to help businesses get onto the digital ecosystem through our free Shopee University seller workshop and in-app features such as Shopee Live, mobile wallet ShopeePay and more.
We take heed of the mandate to e-commerce players like ourselves and will deepen our commitment and contribution to ensuring the Rakyat’s prosperity, business continuity and economic resilience through our technology.
Ultimately, we aim to build on the successes achieved through the PENJANA E-commerce initiatives. The Shop Malaysia Online which ran on Shopee from August to September saw some 83,000 participating local sellers and brands jointly recording over half a billion Ringgit in sales on our platform. The subsidies in the form of discounts, cashbacks and free shipping vouchers benefited close to 3 million Malaysians, thereby helping ease cost of living pressures.
Shopee also effectively digitised more than 40,000 Malaysian MSMEs through the PENJANA MSME E-commerce Campaign where both Shopee and the Government provided over RM1,500 in benefits to new to e-commerce sellers.
