E-Commerce in Malaysia

Introduction

            E-commerce is conducted between different businesses – and varies on how the business is carried out between the business and its respective consumers. Basically, there are 5 types of e-commerce: business to business (B2B); business to consumer (B2C); consumer to business (C2C); consumer to consumer (C2C); and business to government (B2G).

            According to the report of IDC, in 2006, Malaysia had recorded a total of US$2.8 billion B2C e-commerce spending, which shows a great increase of 24% from US$1.9 of the prior year. Overall, the e-commerce spending in Malaysia in 2006 was amounted to US$13.6 billion, a vast growth of 77%. The said increase or growth was attributed to the increased number of Internet users, which had reached to 6 million – 4.7 million of which were unique buyer.

References

IDC 2007, IDC Reports 70% Growth in Malaysia E-Commerce Spending in 2006, IDC, http://www.idc.com.my/PressFiles/IDC%20Malaysia%20-%20eCommerce.asp [Accessed 15 December 2009]

The Prospects of E-commerce for The SMEs in Malaysia: Usage of e-commerce by SMEs in MalaysiaMalaysia Internet and E-Commerce Investment and Business Guide: Regulations and Opportunities (World Strategic and Business Information Library)