Mlabs Systems, Onliner team up to provide e-commerce services

News on 10th August 2017. By AMIR HISYAM RASID 

KUALA LUMPUR: Mlabs Systems Bhd has teamed up with Thai-based Onliner Company Ltd to provide Wi-Fi and e-commerce services in Chatuchak market in Bangkok, Thailand.

With the partnership, the company expects to add a new revenue stream of RM120,000 per year following its partnership for a tenure of five years.

While the figure may seem small for a company with a market capitalisation of over RM30 million, director Prof Sureswaran Ramadass said the partnership is a stepping stone for Mlabs to spread its wings into Thailand.

Onliner currently holds a five-year concession from the country’s State Railway to set up Wi-Fi services in Chatuchak.

The company said it aims to secure similar projects and is open to work with Mlabs in the future.

Mlabs’ wholly-owned unit, Multimedia Research Lab (MRL) today entered into a collaboration agreement with Onliner.

Both companies will jointly develop mobile applications that can provide online trading services to tap a large number of visitors at the market.

The mobile app will also consist of indoor mapping of Chatuchak as well as live video streaming to showcase goods and services provided at the market.

“The development roadmap for Onliner and MRL is to enable the bargaining of pricing for bulk purchases between a buyer anywhere in the world and retailers in Chathucak.

“Plans are also underway for the introduction of an e-payment or e-wallet to shoppers for a safer, cashless market place,” said Sureswaran.

Sureswaran said it will invest up to RM800,000 during the early stages of the project and will consider a higher commitment when Onliner secures similar projects in Thailand and overseas.


LVMH’s Louis Vuitton launches e-commerce website in China

News on 24th July 2017. Source: TheStar

PARIS: French fashion brand Louis Vuitton, part of luxury giant LVMH, said on Friday it had launched an e-commerce website in China to tap a booming online shopping market.

Louis Vuitton, which opened its first store in Beijing in 1992, said the website offered leather goods, small leather goods, shoes, accessories, watch and jewellery, luggage, and the newly launched Les Parfums Louis Vuitton.

Payments can be made via UnionPay, Alipay and WeChat, the statement said.

The website will be available in 12 cities – Beijing, Shanghai, ChongQing, Chengdu, Guangzhou, Shenzhen, Hangzhou, Nanjing, Shenyang, Dalian, Haerbin, Wuhan. More cities will be added later on.

It is the 11th e-commerce market for Vuitton since it launched its first site in France in 2005. — Reuters



Liow: Rural youth must embrace e-commerce

News on 23rd 

KUALA TERENGGANU:  Rural youth must be ready to embrace e-commerce to keep pace with their urban counterparts, said MCA president Datuk Seri Liow Tiong Lai.

Liow said the Internet has proven to be able to provide many business opportunities to people around the world, adding that the Government is developing the e-commerce sector and providing the necessary support for people wishing to participate in it.

“Community leaders in rural areas have to be ready to help people take part in this new economy,” he said when opening the 34th Malaysian Chinese Culture Carnival at Kampung China here on Saturday night.

Liow said the annual event is a good platform to  foster better understanding and harmony among multi ethic Malaysians.

Among the people present at the event were Federation of Chinese Associations Malaysia president Tan Sri Pheng Yin Huah, Terengganu executive councillor Datuk Tengku Putera Tengku Awang and Terengganu MCA chairman Datuk Toh Chin Yaw.



Malaysia (with Alibaba Group) Launches World’s First Digital Free Trade Zone

KUALA LUMPUR, 22 March 2017 – Dato’ Sri Mohd Najib Tun Abdul Razak, the Prime Minister of Malaysia, together with Jack Ma, founder and Executive Chairman of Alibaba Group, launched the world’s first Digital Free Trade Zone (DFTZ) today. DFTZ will provide physical and virtual zones to facilitate SMEs to capitalise on the convergence of exponential growth of the internet economy and cross-border eCommerce activities. It will act as a microcosm to support internet companies to trade goods, provide services, innovate and co-create solutions.

DFTZ will be a boost to Malaysia’s eCommerce roadmap that was introduced in 2016, which aims to double the nation’s eCommerce growth and increase the GDP contribution to RM211 billion (approximately US$47.68 billion) by year 2020.

“Malaysians have embraced the internet economy and eCommerce in a big way. We are now leading the eCommerce market in the region generating revenue of US$2.3billion in 2015. With the launch of the world’s first Digital Free Trade Zone, Malaysia will serve as a regional eFulfillment center, and also become the regional hub for SMEs, marketplaces and monobrands,” said Dato’ Sri Mohd Najib Tun Abdul Razak, the Prime Minister of Malaysia.

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