Latest news with #TikTokShopLiveHub
New Straits Times
05-08-2025
- Business
- New Straits Times
MyMall records RM24.3mil in sales, boosts SMEs growth
KUALA LUMPUR: MyMall, the e-commerce platform launched to support small and medium enterprises (SMEs), has recorded over RM24.3 million in sales as of July 31. Deputy Entrepreneur Development and Cooperatives Minister Datuk Seri R. Ramanan said this marks a sharp increase of RM15 million in sales within the first seven months of the year, with 3,407 merchants currently registered on the platform. "The ministry is committed to helping SMEs to overcome challenges such as rising business costs and e-commerce platform commission rates. "The ministry has introduced the MyMall platform in 2022, and we encourage SMEs entrepreneurs to register on MyMall to utilise its free e-commerce marketing space. "This initiative aims to help entrepreneurs manage the rising cost of living and expand their businesses online for free," he told the Dewan Rakyat today. Ramanan was responding to a question from Ipoh Timur MP Lee Chuan How (PH) on measures taken by the ministry to safeguard entrepreneurs amid cost pressures, particularly in light of increased commission rates imposed by major platforms like Shopee, TikTok and Lazada. Apart from MyMall, Ramanan said the ministry is also running various capacity-building and digitalisation programmes through its agencies, including EmpowerPPK, TikTok Shop Live Hub and BizClinic. He said EmpowerPPK programme is a free programme to empower small hawkers and traders with the knowledge and skills needed for digital business transactions. "In 2024, the programme trained 618 traders, with an additional 210 trained by June 30. "However, the number of traders and the scope of the training are limited by an annual allocation of RM30,000. "The ministry will seek additional funding to include more informal and micro entrepreneurs in the programme," he said. As for the TikTok Shop Live Hub, Ramanan said it provides a studio equipped with advanced livestreaming technology, allowing entrepreneurs to produce high-quality content, boost their sales and expand market reach. BizClinic, meanwhile, offers advice on cost optimisation, financial planning and business resilience strategies to help entrepreneurs navigate rising operational costs and remain competitive.
The Sun
05-08-2025
- Business
- The Sun
MyMall platform hits RM24.3 million sales with 3,407 vendors
KUALA LUMPUR: The MyMall digital sales platform has achieved RM24.3 million in sales, with 3,407 registered vendors as of July 31, according to Deputy Minister of Entrepreneur Development and Cooperatives (KUSKOP) Datuk Seri R. Ramanan. Ramanan noted a significant sales increase of RM15 million in the first seven months of 2025. 'Micro, small, and medium enterprises (PMKS) are encouraged to register on MyMall and leverage its free marketing space,' he said. The initiative aims to help entrepreneurs manage rising costs while expanding their online businesses. Ramanan was responding to a query from Lee Chuan How (PH-Ipoh Timor) regarding measures to protect sellers from fee hikes on platforms like Shopee, TikTok, and Lazada. KUSKOP has introduced multiple programmes, including EmpowerPKK, the TikTok Shop Live Hub, and BizClinic by INSKEN, to support entrepreneurs. Collaboration with the Ministry of Domestic Trade and Cost of Living (KPDN) ensures fair e-commerce regulations. 'The Malaysian Competition Commission (MyCC) is reviewing the digital economy under the Competition Act to prevent unregulated cost increases,' Ramanan added, addressing concerns over foreign sellers dominating the market. - Bernama
New Straits Times
16-05-2025
- Business
- New Straits Times
TikTok Shop, Tekun Nasional celebrate local entrepreneurs with Sabah carnival
KOTA BELUD: TikTok Shop marked the second year of its partnership with Tekun Nasional at the Karnival Tekun Madani, reinforcing its commitment to empower local entrepreneurs through digital transformation. The carnival, held from May 15 to 17 at Dewan Kadamaian Square, held a range of digital-first activities aimed at promoting Sabah-made products and homegrown talents. Among the key attractions were TikTok Shop's signature LIVE Studio, interactive LIVE Selling Kiosk, and game segments that drew strong interest from visitors. DIGITAL SUPPORT FOR ENTREPRENEURS One of the main highlights was the TikTok Shop x Tekun Nasional Award Ceremony, which celebrated 80 Sabahan entrepreneurs who completed the Promosi Perniagaan Online (POP) workshop series. Five participants were recognised for their outstanding performance in applying digital tools to grow their businesses online. In its bid to support the Malaysian government's efforts to grow the economy and reduce poverty, TikTok Shop continues to spotlight Sabahan creators and small businesses on its platform, offering greater online visibility. This includes investments such as the TikTok Shop Live Hub in Penampang, a purpose-built studio launched on Feb 16 by Entrepreneur and Cooperatives Development Minister Datuk Ewon Benedick to help local sellers reduce costs and diversify their sales channels. To date, more than 100 entrepreneurs have used the facility, producing over 600 hours of livestream content and boosting their reach and sales capabilities. ENCOURAGING SUCCESS STORIES The collaboration with Tekun Nasional has yielded strong results. Through the #JomLokal campaign, traditional sellers in Sabah have seen over 200 per cent revenue growth, contributing to a seven-figure sales milestone. Year–on-year, revenue in the state rose by 500 per cent. Since January, 80 entrepreneurs from Sabah have been mentored under the initiative, promoting a diverse range of locally produced items from agriculture and food to crafts, personal care and fashion. Within just 60 days of the Live Hub's launch, Sabahan sellers recorded more than 8 million views and sold over 10,000 local products, underscoring growing interest from online audiences and the potential of digital platforms to boost rural entrepreneurship. The Kota Belud event drew a highly-positive response from the local community, with strong turnout and participation. TikTok Shop will continue this momentum in other regions, with Johor set to host the next Live Hub as part of ongoing efforts to equip local entrepreneurs with digital tools and training. Those interested in digital entrepreneurship can learn more about #JomLokal at this website, and can also visit the ongoing Karnival Tekun Madani in Kota Belud until May 17.
