Malaysian Ecommerce To Grow 23% Per Year

The Malaysian ecommerce market is expected to grow at a rate of around 23% a year until 2021, according to the 2017 Global Retail Development Index which has just been published by A.T. Kearney. Malaysia is currently ranked third in the world when it comes to the best developing countries for retail investment. A.T. Kearney also pointed to the Malaysian government's plans to spend 280 million US dollars on improving nationwide broadband speeds as a reason behind the growth, which is set to be worth 40% of all sales this year.