PG Mall has inked a cross country platform collaboration agreement with JD.com to join its cross-border e-commerce platform JD Worldwide, helping Malaysian sellers sell local products to the China market. PG Mall held a virtual signing ceremony today with JD Worldwide to officiate the collaboration.
JD.com is one of two massive B2C online retailers headquartered in China, and is a member of the NASDAQ100 and Fortune Global 500.
Established in 2017, PG Mall, a locally-founded online marketplace that operates under a unique Sharing Economy business model, aspires to grow and bridge fellow home brands to the world.
PGMall’s focus has always been on local sellers and propelling them to a bigger stage. It has been actively collaborating with the local government to drive activities that support local sellers and products through PENJANA campaigns such as Micro and SMEs E-Commerce Campaign, Shop Malaysia Online (SMO), and Kempen Beli Barangan Malaysia (KBBM).
Proven to be effective, within a span of four years since its inception, PG Mall has aggressively grown its business to greater heights and impressively ranked as Third Most Visited Online Marketplace in Malaysia by iPrice Insights in 3Q2020, with a total monthly visit of 8 million visitors – making it the No. 1 locally-founded Online Marketplace in Malaysia.
Staying true to its tagline ‘Bridging Local to the World’, PG Mall is now able to bridge local businesses to the second largest market in the world – China, through its collaboration with JD Worldwide, in the hope of helping affected businesses to recover from financial woes caused by the ongoing Covid-19 pandemic.
According to PG Mall Founder and Managing Director Dato’ Wira Louis Ng Chun Hau, “Many local businesses, especially the Small and Medium Enterprises (SMEs) have been struggling financially since the implementation of the Movement Control Order in March last year in response to the Covid-19 outbreak.
“Considering the ongoing pandemic situation, we feel that SMEs are in dire need of help to adapt and find alternative means to survive this financial crisis. We hope with this partnership with JD Worldwide, we are able to help local businesses to stay afloat and recover by offering them an alternative channel abroad to safeguard their business from further threat.”
“Unlike other online marketplaces that mostly market China products to Malaysian market, we at PG Mall are doing the reverse. One of PG Mall’s main objectives is to help local businesses to grow to their full potential and also enable locals to proudly showcase Malaysian-made products to the world while they grow and build a solid business empire with us,” he added.
Within a few years, PG Mall has experienced exponential growth. From a mere RM300,000 Gross Merchandise Value (GMV) in 2017, PG Mall’s GMV expanded 200 fold to RM60 mil in 2020. With the exceptional growth seen to date, PG Mall is set to reach a targeted GMV of RM600 mil by year end. To date, PG Mall has attracted one million shoppers purchasing from over 10,000 sellers on-boarded with around two million products, ranging from groceries, beauty, electronics, to lifestyle products.
China is not the only international market that PG Mall is expanding its reach to; it is also currently expanding its team and efforts in Indonesia, the largest e-commerce market in South East Asia.
For further information about PG Mall and its products and services, visit www.pgmall.my or call PG Mall’s Customer Service Centre at +6011-10670916 to find out more. Sellers who are interested in participating in the sell-to-China programme can register here.