A Milestone Event in Malaysia's E-Commerce Landscape!
KUALA LUMPUR, 25 May 2024 – The ninth edition of the Malaysia Top E-Commerce Merchant Awards (Top ECM) 2024 has concluded with a grand ceremony, marking a significant milestone in the country’s booming e-commerce sector. This prestigious event celebrated the remarkable innovations and sales achievements of local e-commerce entrepreneurs, setting new records and showcasing the dynamic growth of the industry.
Record-Setting Sales and Participation
This year, the Top ECM Awards achieved an exceptional Gross Merchandise Volume (GMV) of RM109,189,877.00, with a staggering 2,383,904 orders. A total of 516 merchants were shortlisted, up from 360 participants in 2023, representing a 43.3% increase. This surge highlights the event’s substantial economic impact on Malaysia’s e-commerce landscape. Participants were evaluated on sales performance, business potential, and marketing innovation by a panel of respected industry judges.
Inspiring Future E-Commerce Leaders
"The Top ECM Awards are not just about recognising today's successes; they are a launching pad for tomorrow's e-commerce leaders," said Yong Kai Ping, CEO of Sidec. "Through this platform, we aim to inspire, educate, and elevate the standards of e-commerce practices across Malaysia."
AFFIN BANK's Role in Nurturing Talent
AFFIN BANK continued its vital role as the main sponsor, supporting the AFFIN BANK Rising Star Awards and AFFINGEM Women Trailblazer Awards. These awards spotlighted rising stars and trailblazing women entrepreneurs demonstrating exceptional business potential and innovative practices. AFFIN BANK's involvement has been pivotal in recognising and nurturing talent within Malaysia's e-commerce community, ensuring the continuation and elevation of this vibrant industry.
New Categories Highlighting Platform Excellence
This year's awards ceremony introduced the "Lazada and Shopline Special Category," recognizing merchants who have effectively utilized the Lazada and Shopline platforms to market and sell their products. This new category saw fierce competition, showcasing participants’ innovative spirit and operational excellence.
Dignitaries and Industry Leaders in Attendance
The ceremony was graced by Yang Berhormat Puan Hajah Fuziah Salleh, Deputy Minister of Domestic Trade and Cost of Living, and Yang Berhormat Najwan Halimi, Selangor State Executive Council (EXCO) member for Youth, Sports, and Entrepreneurship. Their insights into the growth and challenges of the digital economy underscored the national significance of e-commerce development and the government's support for digital entrepreneurship.
Honoring the Winners
This year’s winners were honored not only with cash prizes but also with trophies and certificates, acknowledging their hard work and success. The event highlighted the crucial role of digital platforms in achieving business success and the importance of innovative marketing in reaching broad audiences.
Main Category Winners:
1st Place: Zucca Commerce Sdn Bhd
2nd Place: SLL Machinery Hardware Sdn Bhd
3rd Place: Desince Sdn. Bhd.
Prizes:
Champion: RM10,000
1st Runner Up: RM8,000
2nd Runner Up: RM5,000
Finalist x7: RM2,000 each
Equipping Entrepreneurs with Essential Skills
Additionally, the event featured six specialized training sessions and industry visits to major e-commerce and digital marketing giants like Lazada, Alibaba, Securities Commission Malaysia, and Matrade. These sessions aimed to equip participants with the skills and tools necessary to excel in the competitive e-commerce environment.
The ninth Malaysia Top E-Commerce Merchant Awards 2024 has once again showcased the incredible potential and growth of Malaysia’s e-commerce sector. As we celebrate this year's achievements, we look forward to seeing how these innovative entrepreneurs will continue to shape the future of e-commerce in Malaysia.
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