Aug 3, 2021
<div><center><img src="https://s3-us-west-2.amazonaws.com/issuewireassets/primg/59839/categories660161711.jpeg" alt="Categories" title="Categories"></center></div><br><p>Powered by QMIS RICHWOOD BLACKTECH SDN BHD</p><br><div><p>Kuala Lumpur, Malaysia Aug 3, 2021 (<a href="https://www.issuewire.com/" target="_blank" title="Issuewire" rel="nofollow noopener">Issuewire.com</a>) - Ezymart is a new e-commerce platform powered by QMIS Richwood Blacktech Sdn Bhd. With the long ongoing situation of the COVID-19 pandemic, governments and businesses have had to improvise to keep the economy afloat. Movement and quarantine restrictions led to a "new normal" for businesses and consumers through digitization and e-commerce. The Malaysian government has also recognized and utilized this rise in e-commerce as a tool of inclusiveness by empowering local micro, small, and medium enterprises (MSMEs). Enabling MSMEs to adopt a digital platform may allow small businesses to be more resilient to economic change, especially amidst COVID-19, and subsequently, reduce wellbeing gaps within the country.</p> <p> </p> <p>Globally, the COVID-19 pandemic has also created more opportunities for e-commerce businesses where online spending represented 21.3% of total retail sales for the year, according to Digital Commerce 360 estimates. <em>Forbes </em>noted that the pandemic accelerated e-commerce by four to six years in the US, while news channel <em>CNBC </em>said the boom of the sector in South-East Asia will continue to stay even after the pandemic ends.</p> <p> </p> <p>Finance Online's "Data and Share Market Analysis for 2020" shows that ecommerce is not only thriving in the B2C sector, but sales are also scaling in the B2B sector and can even outgrow B2C profits by the end of 2020.</p> <ul> <li>It is estimated that around 35% of Google product searches are converted into purchases within 5 days.</li> <li>Around 51% of digital buyers conduct purchases via their smartphones.</li> <li>Digital buyers are more likely to spend more if they are provided with free shipping.</li> <li>Around 93% of online shoppers declared that the visual appearance of an online store plays a key factor in their purchasing decisions.</li> <li>It is estimated that around 80% of online shoppers don't make purchases from ecommerce sites that have problematic return policies.</li> <li>It is estimated that 85% of all products purchased via social media platforms come from Facebook.</li> </ul> <p> </p> <p>According to Statista, e-retail sales accounted for 14% of all retail sales around the globe and these figures are expected to keep growing and reach 22% by 2023.</p> <ul> <li>It is expected that mobile ecommerce retail sales will reach $3.5 trillion by 2021.</li> <li>In 2017, around 42% of online shoppers stated that they prefer to pay with a credit card.</li> <li>Online stores that have an active presence on social media platforms have 32% more sales. </li> <li>Generation X composes 34% of the online shopping population, followed by Boomers, who account for 31% of the online shopping population. Around 30% of digital buyers are Millennials.</li> <li>Around 55% of all online shoppers said that online reviews have an impact on their buying decisions.</li> <li>It is expected that by 2040, 95% of all purchases will be via ecommerce.</li> <li>The world's fastest-growing ecommerce market is China with an estimated ecommerce value of $672 billion in 2017.</li> <li>The US has the highest ecommerce penetration rates, with around 80% of all internet users making at least one purchase.</li> <li>The top reason why people make online purchases is that they can shop whenever they want, 24/7.</li> <li>Around 43% of ecommerce traffic comes from Google search (organic). </li> </ul> <p> </p> <p> </p> <p>Ecommerce made around $3.5 trillion in sales in 2019 and it's anticipated that the sector will experience even bigger growth in the future.</p> <p> </p> <p>Locally, in Malaysia, Lazada Malaysia was one platform that took off this year, having millions of orders placed and an increase of 80% on average compared to pre-pandemic.</p> <p> </p> <p>The platform saw consistent growth across the entirety of 2020 compared to last year, with the fastest-growing month recording a sales uplift of almost 120% year-on-year (YoY) and an 80% increase YoY in daily active buyers.</p> <p> </p> <p>This goes to shows that online shopping is here to stay and has become a pervasive cultural phenomenon that is entrenched in the daily lifestyle of Malaysia's new normal. The digital economy in Malaysia is expected to continue to be on growth momentum and the uptrend is showing no signs of slowing down; and this was especially true for MSMEs, who onboarded the platform with an increase of 300%.</p> <p> </p> <p>Shopee Malaysia also recorded a boom, not only in traffic and volume but also in the adoption of local brands with brands such as Mamee, Padini, Gamuda Land, Hup Seng, Carsome, Naelofar Hijab, Billion, Al-Ikhsan, and many more launching official stores on Shopee in 2021. This proves that many brands and sellers have stepped up digitalization efforts to capture the growing proportion of online-first consumers.</p> <p> </p> <p>This new reliance and acceptance with more Malaysians beginning to get familiar and trusting e-commerce more, especially when the lockdowns were implemented, resulted in the ecommerce boom. The platform also noted an increasing amount of MSMEs jumping onboard the platform when times get tough.</p> <p> </p> <p>A survey conducted by Shopee revealed that despite being fully employed, 35.4% turned to e-commerce as second-and-third-income sources. Of the 11,850 sellers surveyed, 5,406 are new entrepreneurs enabled by e-commerce, who cited that their businesses are operated 100% online. 72% are women entrepreneurs and were able to generate RM3,950 ($960) on average monthly.</p> <p> </p> <p>More businesses began to realize the distinct advantage of leveraging e-commerce to diversify revenue streams and to meet the ever-rising demand of online shoppers. E-commerce platforms need to have a comprehensive e-commerce ecosystem and continue to push the boundaries of technology and innovation as a catalyst for e-commerce development in Malaysia and the region.</p> <p> </p> <p>Regionally, the gross merchandise value for the third quarter of 2020 stood at RM37.7 billion ($9.15 billion) compared to RM18.7 billion ($4.54 billion) for the same quarter in 2019. Online orders increased by 130.7% from 321.4 million to 741.6 million for the quarter under review.</p> <p> </p> <p>The Malaysian local e-commerce market is estimated to register 24.7% growth in 2020. The market is expected to reach $12.6b (MYR51.6b) by 2024, increasing at a compound annual growth rate (CAGR) of 14.3% between 2020 and 2024.</p> <p> </p> <p>However, according to industry data, there is still much potential for the Malaysian market in terms of e-commerce adoption. The contribution to total retail is still lagging behind the global performance which shows, in Malaysia specifically, there is a massive potential for growth as e-commerce is still in its early stages.</p> <p> </p> <p>This is where QMIS Richwood Blacktech Sdn Bhd intends to come in to fill part of the gap and provide a new platform and one-stop center for retailers and MSMEs. QMIS Richwood Blacktech Sdn Bhd is a joint venture company between QMIS Finance Limited and Richwood Ventures Bhd as their technology solution provider. QMIS Richwood Blacktech's technology team is a bunch of young, vibrant, innovative individuals seeking to create the latest and most updated platforms.</p> <p> </p> <p>Ezymart is one of such comprehensive platforms and eco-system, offering a variety of products and services and a sophisticated payment platform, in collaboration with MPay.</p> <p> </p> <p>Retailers and merchants need only to upload their products and/or services on the platform and Ezymart will handle the rest by providing a service and all the complexities that come with it (namely, marketing, payment channels, as well as logistics and delivery) so that retailers and merchants are able to continually focus on servicing and converting their already-established offline customer base to online shopping and delivery experience.</p> <p> </p> <p>Ezymart also caters to the halal market and buys Malaysia products to encourage more home-based entrepreneurs to have a space to market their products online and get onto the bandwagon to expand their customer base.</p> <p> </p> <p>Ezymart's team will continually maintain, innovate and upgrade the site to ensure a pleasant and comfortable online shopping experience for all merchants and users.</p></div><div><img src="https://s3-us-west-2.amazonaws.com/issuewireassets/primg/59839/premium96520650.jpeg" alt="Premium" title="Premium" width="200"><img src="https://s3-us-west-2.amazonaws.com/issuewireassets/primg/59839/health1849770290.jpeg" alt="Health" title="Health" width="200"><img src="https://s3-us-west-2.amazonaws.com/issuewireassets/primg/59839/electronics203167184.jpeg" alt="Electronics" title="Electronics" width="200"><img src="https://s3-us-west-2.amazonaws.com/issuewireassets/primg/59839/homepage307178692.jpeg" alt="Homepage" title="Homepage" width="200"></div><div><p><strong>Media Contact</strong></p><p>QMIS Financial Group</p><p><br><a href="https://www.issuewire.com/email-contact/1706997290577468" target="_blank" rel="nofollow noopener">*****@gmail.com</a></p><p></p><p></p><p><a href="http://www.qmissecurities.com.hk/">http://www.qmissecurities.com.hk/</a></p></div><p> Source :QMIS Richwood Blacktech Sdn Bhd</p> <p>This article was originally published by IssueWire. Read the <a href="https://www.issuewire.com/ezymartco-the-emergence-of-a-new-e-commerce-platform-1706997290577468" target="_blank" rel="nofollow">original article here.</a></p> <img height="1" width="1" alt="" src="https://www.issuewire.com/home/getImg/59839">
Powered by QMIS RICHWOOD BLACKTECH SDN BHD
Kuala Lumpur, Malaysia Aug 3, 2021 (Issuewire.com) - Ezymart is a new e-commerce platform powered by QMIS Richwood Blacktech Sdn Bhd. With the long ongoing situation of the COVID-19 pandemic, governments and businesses have had to improvise to keep the economy afloat. Movement and quarantine restrictions led to a "new normal" for businesses and consumers through digitization and e-commerce. The Malaysian government has also recognized and utilized this rise in e-commerce as a tool of inclusiveness by empowering local micro, small, and medium enterprises (MSMEs). Enabling MSMEs to adopt a digital platform may allow small businesses to be more resilient to economic change, especially amidst COVID-19, and subsequently, reduce wellbeing gaps within the country.
Globally, the COVID-19 pandemic has also created more opportunities for e-commerce businesses where online spending represented 21.3% of total retail sales for the year, according to Digital Commerce 360 estimates. Forbes noted that the pandemic accelerated e-commerce by four to six years in the US, while news channel CNBC said the boom of the sector in South-East Asia will continue to stay even after the pandemic ends.
Finance Online's "Data and Share Market Analysis for 2020" shows that ecommerce is not only thriving in the B2C sector, but sales are also scaling in the B2B sector and can even outgrow B2C profits by the end of 2020.
According to Statista, e-retail sales accounted for 14% of all retail sales around the globe and these figures are expected to keep growing and reach 22% by 2023.
Ecommerce made around $3.5 trillion in sales in 2019 and it's anticipated that the sector will experience even bigger growth in the future.
Locally, in Malaysia, Lazada Malaysia was one platform that took off this year, having millions of orders placed and an increase of 80% on average compared to pre-pandemic.
The platform saw consistent growth across the entirety of 2020 compared to last year, with the fastest-growing month recording a sales uplift of almost 120% year-on-year (YoY) and an 80% increase YoY in daily active buyers.
This goes to shows that online shopping is here to stay and has become a pervasive cultural phenomenon that is entrenched in the daily lifestyle of Malaysia's new normal. The digital economy in Malaysia is expected to continue to be on growth momentum and the uptrend is showing no signs of slowing down; and this was especially true for MSMEs, who onboarded the platform with an increase of 300%.
Shopee Malaysia also recorded a boom, not only in traffic and volume but also in the adoption of local brands with brands such as Mamee, Padini, Gamuda Land, Hup Seng, Carsome, Naelofar Hijab, Billion, Al-Ikhsan, and many more launching official stores on Shopee in 2021. This proves that many brands and sellers have stepped up digitalization efforts to capture the growing proportion of online-first consumers.
This new reliance and acceptance with more Malaysians beginning to get familiar and trusting e-commerce more, especially when the lockdowns were implemented, resulted in the ecommerce boom. The platform also noted an increasing amount of MSMEs jumping onboard the platform when times get tough.
A survey conducted by Shopee revealed that despite being fully employed, 35.4% turned to e-commerce as second-and-third-income sources. Of the 11,850 sellers surveyed, 5,406 are new entrepreneurs enabled by e-commerce, who cited that their businesses are operated 100% online. 72% are women entrepreneurs and were able to generate RM3,950 ($960) on average monthly.
More businesses began to realize the distinct advantage of leveraging e-commerce to diversify revenue streams and to meet the ever-rising demand of online shoppers. E-commerce platforms need to have a comprehensive e-commerce ecosystem and continue to push the boundaries of technology and innovation as a catalyst for e-commerce development in Malaysia and the region.
Regionally, the gross merchandise value for the third quarter of 2020 stood at RM37.7 billion ($9.15 billion) compared to RM18.7 billion ($4.54 billion) for the same quarter in 2019. Online orders increased by 130.7% from 321.4 million to 741.6 million for the quarter under review.
The Malaysian local e-commerce market is estimated to register 24.7% growth in 2020. The market is expected to reach $12.6b (MYR51.6b) by 2024, increasing at a compound annual growth rate (CAGR) of 14.3% between 2020 and 2024.
However, according to industry data, there is still much potential for the Malaysian market in terms of e-commerce adoption. The contribution to total retail is still lagging behind the global performance which shows, in Malaysia specifically, there is a massive potential for growth as e-commerce is still in its early stages.
This is where QMIS Richwood Blacktech Sdn Bhd intends to come in to fill part of the gap and provide a new platform and one-stop center for retailers and MSMEs. QMIS Richwood Blacktech Sdn Bhd is a joint venture company between QMIS Finance Limited and Richwood Ventures Bhd as their technology solution provider. QMIS Richwood Blacktech's technology team is a bunch of young, vibrant, innovative individuals seeking to create the latest and most updated platforms.
Ezymart is one of such comprehensive platforms and eco-system, offering a variety of products and services and a sophisticated payment platform, in collaboration with MPay.
Retailers and merchants need only to upload their products and/or services on the platform and Ezymart will handle the rest by providing a service and all the complexities that come with it (namely, marketing, payment channels, as well as logistics and delivery) so that retailers and merchants are able to continually focus on servicing and converting their already-established offline customer base to online shopping and delivery experience.
Ezymart also caters to the halal market and buys Malaysia products to encourage more home-based entrepreneurs to have a space to market their products online and get onto the bandwagon to expand their customer base.
Ezymart's team will continually maintain, innovate and upgrade the site to ensure a pleasant and comfortable online shopping experience for all merchants and users.
Media Contact
QMIS Financial Group
http://www.qmissecurities.com.hk/
Source :QMIS Richwood Blacktech Sdn Bhd
This article was originally published by IssueWire. Read the original article here.
The younger O’Neal is a multi-hyphenate who made his runway debut with Dolce & Gabbana before landing a Coach campaign and appearing on Basketball Wives; now he’s making music with his stepdad
The MomToker faced backlash in 2022 for a video of her dancing in hospital with her sick infant son; she’s now expecting her third child with husband Conner, who admitted to using Tinder while married.
Last month the former teen heartthrob and The Fosters alum walked his mother down the aisle on Italy’s Amalfi Coast – but what do we know about his biggest supporter over the years?
Expectations of a rate cut next month increase as pay growth slows to its lowest rate for more than two years.
We support you and your zero checked bags EVER agenda. View Entire Post ›
Kim Tae-ri stars as talented young singer Yoon Jeong-nyeon whose mother (Moon So-ri) tries to stop her singing, in this Disney+ period drama.
The bullishness on Wall Street is largely based on confidence that the Federal Reserve will tame inflation, the economy will remain solid and corporate earnings will continue to grow.
She made her name leading glossy magazines. Now she’s joining the newsletter flock.
After the popular publication was folded into GQ, a group of them is striking out on its own. One of the first orders of business: doing away with album scores.
Sir Keir Starmer says this month's Budget was "going to be tough" but would "focus on rebuilding our country".
Some of these places deserve wayyyyyy more attention. Others, I definitely could have passed on. View Entire Post ›
Stroll around Austria’s fourth largest city and take in the places where Mozart was born, lived, and composed and conducted music.
As common as acne is, experts say there are some popular misconceptions about its causes. Research suggests diet and poor hygiene are not the clear culprits, but rather a multitude of factors are at play, including genetics, hormonal changes — and stress.
For Stephanie Craig and Mike Murphy, trying to grow their family has been difficult. Craig had a miscarriage in 2018 at 24 weeks and they tried IVF. Since then, the Guelph, Ont., couple have been looking for a surrogate, including now through social media.
Trip.com Group, a leading global travel service provider, reveals that while sustainability awareness is rising among travellers, there remains a gap between awareness and action. This is one of the key insights from the Sustainable Travel Consumer Report 2024 that the Group released today.
Global luxury hospitality leader Four Seasons and Lucid Group, Inc., maker of the world’s most advanced electric vehicles, announce a new partnership grounded in a shared vision of an exceptional, sustainable lifestyle. The collaboration underscores both companies’ commitment to environmental stewardship and responds to a growing guest desire for added flexibility and unique, eco-friendly experiences during their stay.
From 4th -8th November , 2024, the Southeastern Anatolian city of Şanlıurfa, home to the globally significant Neolithic sites of Göbeklitepe and Karahantepe, will host the World Neolithic Congress, the first of its kind. Organised under the auspices of the Ministry of Culture and Tourism and the Türkiye Tourism Promotion and Development Agency (TGA), this pioneering event will bring together approximately 1,000 scholars from 64 countries and 487 institutions to advance research and understanding of Neolithic cultures worldwide.
As autumn takes hold across Europe, Chia Laguna Resort, Sardinia welcomes guests seeking warm temperatures and activity filled days. Following an outstanding season marked by double-digit growth in occupancy rates, the resort welcomes all types of traveller to three distinct properties - Conrad Chia Laguna Sardinia, Baia di Chia Resort Sardinia - Curio Collection by Hilton, and Hotel Village
A far cry from the traditional African safari and catching sight of the ‘Big Five’ – Austria’s ‘Capital of the Alps’ offers instead five unique experiences for winter wanderers. From skiing under the stars or travelling through time at a Victorian Christmas market, to a magnificent carnival event that is only held every five years, the Innsbruck region is a hidden jewel, just waiting to be discovered.
The Gambia Experience celebrated its first flight of the season departing from Gatwick to Banjul on Friday, (11th Oct) marking over 35 years of winter sun holidays to The Gambia. Upon arrival at Banjul International Airport, passengers were warmly welcomed by The Gambia Experience resort team and British High Commissioner to The Gambia, Harriet King before being treated to a vibrant and welcoming reception from a local dance troupe, The Jola Cultural Group. Their energetic drumbeats and colourful costumes set the tone for a memorable holiday, providing an authentic, immersive experience, and first taste of the rich cultural traditions that make the destination so special.
The vote of confidence comes from Jeremy Chan, head chef at restaurant Ikoyi in London and who's created the new first-class menu for Eurostar.
Stay22, the travel tech company that offers affiliate revenue generation opportunities for travel content creators, has announced the integration of Booking.com’s wide range of products. This partnership will offer Stay 22’s network of over 2,700 global content creators the opportunity to generate revenue from every element of the travel experience in one place, including accommodations, flights, car rentals, and attractions, within their platforms.
Genius packing hacks, like a shirt that can be worn six ways, solid shampoo bars, and more. View Entire Post ›
Octopuses are intelligent, solitary creatures, and governments must stop funding ‘cruel and unsustainable’ octopus farms, reformers say.
The tech giant says it will use energy from small reactors to power its use of artificial intelligence.
For US$490 you can eat an authentic 18th century feast served by a butler at the British monarch’s table in Dumfries House, Scotland.
Four-month event featured music, dance, Chinese opera, multi-arts programmes, films, exhibitions, lectures, artist talks and masterclasses.
The poet-turned-rapper tells Style about seeing Flo Rida perform in high school, and how All Eggs in the Basket is not just the name of her upcoming release but a mantra for life.
CNBlue hit the big time in 2010 after their song Loner became a huge hit, and 14 years on, they talk about their career and new mini album X.
The Southern California mind (me) cannot comprehend the concept of a Vermont autumn... View Entire Post ›
Plaintiffs in antitrust case over Hermès limiting ability to buy coveted bags to customers who purchase other items amend their complaint.
A Chanel ambassador since 2018, Robbie succeeds the likes of Nicole Kidman, Catherine Deneuve and Marion Cotillard as the face of the iconic fragrance.
Kamala Harris’s campaign is pushing a version of the credit intended to fight child poverty, while Donald J. Trump sees the program primarily as a tax cut for people higher up the income scale.
I went on a quest to find worthwhile fall rituals. Here's what I found.
What could happen if Donald Trump drastically increases tariffs as he has promised to do?
This year’s programme includes a drama ripped from Hong Kong headlines, a social satire in a near-future Japan and a modern romantic drama.
Falling launch costs have given African nations a chance to send their own satellites into orbit.
Alabama woman's case led to law, signed by Barack Obama, that gave Americans more rights to sue for pay discrimination.
The youngest Pelosi’s 2022 documentary, Pelosi in the House, includes recordings she made of the January 2021 US Capitol attack – footage that was later used during an investigation into the riots
Angry at what they view as China’s state-led xenophobia, taught in schools and prevalent online, some people are taking action, even at personal risk.