Interbase Resources Sdn Bhd, the parent company of Lelong.my, a Malaysian homegrown online marketplace, aspires to garner over RM360 million in revenue next year.
Chief operating officer and co-founder, Wei Kwok Seing, said to date, Lelong.my has generated over RM30 million monthly and more than RM360 million annually.
"We aim to create a website which is more relevant, has vibrant environment and add Malaysian flavour in what we do, as that is our identity and aspirations," he told reporters at the Karnival Meriah Malaysia Day here today.
The two-day carnival is held at Lelong.my's corporate office in Puchong.
Lelong.my will unveil its new identity as part of its brand-lifting exercise over the next few months, as it would take on a new look, dynamic and youthful while retaining its Malaysian identity.
He said Lelong.my's has an average sale of RM150 per user with 8,000 active sellers.
"As we are turning 20 years soon and on the verge of adulthood, we have gone through a lot on our growth journey, and we intend to make the best of it in our quest to become the most customer-centric and trusted e-commerce community in South-East Asia," he said.
Lelong.my has introduced NetPos, a complete payment system that allows merchants to accept payment outside the e-commerce environment and it accepts payment using Visa, MasterCard, MyDebit and SamsungPay, as well as Visa PayWave and MaterCard PayPass.
Lelong.my provides 1.6 million products and services, across various categories.
Buyers and sellers can trade safely and securely by using NetPay, a payment system developed internally and is acrredited by Bank Negara Malaysia. -- BERNAMA
Bernama
Fri Sep 15 2017
To date, Lelong.my has generated over RM30 million monthly and more than RM360 million annually.
Iran's supreme leader says Hamas leader's death will not halt 'Axis of Resistance'
The "Axis of Resistance", built up with years of Iranian support, includes Hamas, the Lebanese Hezbollah group, the Houthi movement in Yemen, and various Shi'ite groups in Iraq and Syria.
Putin says Russia willing to seek compromises between Iran and Israel
Russia is ready to help seek compromises between arch-foes Israel and Iran, President Vladimir Putin said on Friday, saying these would be difficult but possible.
What proposals will Russia push at the BRICS summit?
The proposal is also to establish a BRICS reinsurance company to allow uninterrupted shipment of goods and key commodities between members.
Indonesia's free meals plan in the spotlight as Prabowo readies for office
Prabowo calls the programme one of the main drivers of economic growth, eventually set to add an estimated 2.5 million jobs.
Astro AWANI's revamped English news website, AWANI International, launches on Oct 21
Astro AWANI's revamped English platform delivers in-depth global news and expert analysis to keep you informed on key developments.
Israeli strikes kill 33 people in Jabalia refugee camp in Gaza, medics say
Residents of Jabalia said Israeli tanks had reached the heart of the camp after pushing through suburbs and residential districts.
Liam Payne's ex-partner calls for media restraint after 'painful' death
Cheryl Tweedy used her statement to urge the media to remember they had a seven-year-old son, Bear, who could read the reports.
Analysts: Indonesia's strong MoF leadership team to boost investor confidence
Sri Mulyani Indrawati as head of Indonesia's Ministry of Finance is expected to instil confidence among investors.
Biden offers both a carrot and a stick to Israel as his term nears an end
Israel has frequently resisted US advice and has caused political difficulties for the Biden administration.
Putin says BRICS will generate most of global economic growth
Russian President Vladimir Putin will host a summit of the group in the city of Kazan on Oct. 22-24.
ISIS Malaysia's perspective of Budget 2025
An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Budget 2025: Record increase in STR, SARA aid initiatives
The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar
The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
What policies to expect from Indonesia's new President Prabowo
Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS
The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Israel sends more troops into north Gaza, deepens raid
Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Indonesia ramps up security ahead of Prabowo's inauguration
Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods
Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM
Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
NFOF will be operational in November 2024 with funding of RM1 bil
PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.