Malaysia and Asean
The Malaysian e-commerce market is estimated to be worth about $4 billion, with an average annual growth rate (CAGR) of 24% between 2016 and 2021. According to Statista, the Malaysian e-commerce market in 2019 generated revenues of $3.68 billion, with an annual growth rate of 11.8% by 2023. Malaysia’s Internet penetration rate is about 84%, which is higher than most other Southeast Asian countries, about 44% of the population is under the age of 24 and the average age is about 28.5 years, so it has a large population who can use e-commerce, and has a wealth of potential customers. Good products are created with the creative thoughts and experiences of the developers and the strong driving force for business success. A comfortable place to support their thoughts and will, and a space with business tools that are constantly supported, providing an environment where operators can spend as much time in this environment as they want without pressure to purchase additional products. When creative thinking encounters such as BHW World’s environment, success is inevitable.
