Sitec aims for RM10mil GMV through #MYCYBERSALE partnership

By Digital News Asia August 6, 2018

From 2016 - 2017, 300 Sitec Online 100 e-merchants achieved a GMV of RM7.3 million
Sitec has been involved in the #MYCYBERSALE initiative since 2016

Sitec aims for RM10mil GMV through #MYCYBERSALE partnership

THE Selangor Information Technology & E-Commerce Council (Sitec) is partnering with National ICT Association of Malaysia (Pikom) this year for the upcoming #MYCYBERSALE on Sept 3 - 7.

Sitec has been involved in a supportive and participatory role for the #MYCYBERSALE initiative since 2016.

From 2016 - 2017, 300 Sitec Online 100 e-merchants achieved a gross merchandise volume (GMV) of RM7.3 million, facilitated by Sitec, with 10% participating in the #MYCYBERSALE that year. This year, Sitec aims to onboard another 100 merchants, and achieve a GMV of RM10 Million.

This makes Sitec well poised to further contribute to the initiative as it also jives with their ethos to drive the adoption and practice of e-commerce, in line with their higher aim to make Selangor a regional trading hub.

Through reaching merchants under the Online 100 and Apps 100 programme, as well as promoting and encouraging industry partners and associates to participate in the sales, Sitec looks forward to giving its continued support and assistance to Pikom in their aim to reach a GMV of RM370 million and RM50 million in export revenue through #MYCYBERSALE.

“MYCYBERSALE has been a stalwart in the e-commerce scene when the industry was still in its infancy. It is clear that e-commerce is booming now, and enablers such as Pikom and MDEC with their multiple initiatives have contributed tremendously towards its growth.

“The Digital Economy is the way forward - in 2016, it contributed 6.1% to the national GDP, or RM74.6 billion. We also are seeing increased participation by merchants and consumers online, with further interest by the public and growth in this sector.

“This heralds positive signs of economic and social progress in the nation, in line with the government’s aim of getting SMEs in the digital economy to push that share up to 41% of the national GDP in 2020.

“We are more than happy to continue supporting this endeavour that not just promotes the uptake of e-commerce, but of the spirit of entrepreneurship and business locally.”, said Sitec chief executive Yong Kai Ping.