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Young Entrepreneurs Should Master Relevent Skills, Market Knowledge

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KUALA LUMPUR – Young entrepreneurs have been urged to equip themselves with relevant skills and deep knowledge of market and industry trends to stay ahead in competitive and ever-changing market.

Minister in the Prime Minister’s Department, Datuk Seri Nancy Shukri said the globalisation process and the borderless world were currently changing the economic landscape at a very rapid pace, while presenting a huge opportunity for them.

“This also for the generation of tech-savvy entrepreneurs to rise up and capitalise in this growing trend. However, they need to do it quickly, or risk being left behind,” she said in her speech at Shopee Seller Awards 2017 here, today.

She said Malaysia had witnessed a prolific growth in the area of mobile commerce, or M-Commerce, which made the internet accessible by the affordability of smartphones and other mobile devices.

“Connecting to the world now is merely a matter of reaching into our pockets for our mobile devices and we have the world in our fingertips.

“This has inadvertently influenced the way we go about our day-to-day lives, and one of these areas is online shopping,” she said.

Shopee, the mobile-first marketplace in Southeast Asia and Taiwan, held its seller awards to recognise those who have shown tremendous business track records selling their products on the platform.

Its regional managing director, Ian Ho, said as of this month, Shopee has recorded an annualised Gross Merchandise Value (GMV) of USD 2.5 billion regionally with more than 30 million installs in seven countries.

“With more than 100 million product listings across the region, Shopee has become favourite marketplace for consumers,” he said.

A housewife, Te Mei Hong, 39, has been announced as the Seller of the year by Shopee, which was awarded with a trophy, RM 3,500 cash prize and advertising spot on Shopee platform worth RM 30,000.

She has garnered close to RM750,000 in revenue selling children’s clothes and toys through Shopee since 2015. – BERNAMA

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