The Ministry of Entrepreneur Development and Cooperatives (MEDAC) has announced that it is seeking to develop an online sales channel similar to Lazada, Shopee, and Alibaba – directly competing with the e-commerce giants. Tentatively dubbed the Online Market, minister Datuk Seri Wan Junaidi Tuanku Jaafar said that it is intended to provide a more convenient shopping experience for Malaysians.
“I have asked the Small and Medium Enterprises Corporation, the National Entrepreneurship Institute, the Co-operative Institute of Malaysia (IKM) and the Cooperative Commission of Malaysia to conduct a study on the implementation of the application,” said Datuk Wan Junaidi.
The minister further claimed that with the new e-commerce platform, consumers will no longer need to shop at Lazada, Shopee, or Alibaba due to their higher charges. He is also confident that the Online Market will be one of the largest online sales movements in the market.
That said, neither Datuk Wan Junaidi nor MEDAC have shared any other information regarding the new application, including its advantages over its existing competitors and launch date.