Key Facts About E-Commerce in Malaysia
Business March 13th. 2021, 9:20pm
Monimedia Insights | Malaysia’s E-commerce Key Facts
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The population of Malaysia is 30.7 million people. Malaysia’s internet penetration rate is 68.1%. There are about 15.2 million online shoppers within the country. Furthermore, the e-commerce penetration rate is 70.1%. The country’s revenue is expected to show an annual growth rate (CAGR 2017-2021) of 23.7%. The average revenue per shopper is currently US.53. E-Commerce sales are expected to reach USD1.12 billion in 2017. 54% of online shoppers prefer to pay via online transfer. 80% of online shoppers have done online research prior to their purchases. 40% of online shoppers were introduced to new products via social media.
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