Lelong.my aspires to garner over RM360 million revenue next year

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