Based on the recent Q2 report released by iPrice Insights – the South East Asia (SEA) most prominent web analytic services, PG Mall has shown a tremendous increase from 1.68 million site visitors in Q1 2020 to 4.09 million site visitors in Q2 2020, with a 242% increment in just 3 months.
This is considered a noteworthy achievement, for a Malaysian homegrown brand such as PG Mall to top the chart with two other long-established foreign players of similar kind in the eCommerce industry, in just a short span of 3 years since its inception.
PG Mall was established in 2017 and is the brainchild of Public Gold Group (commonly known as PG Group) Founder and Executive Chairman, Dato’ Wira Louis Ng Chun Hau, who aspires to grow and push homegrown brands to the global frontier under a unique Sharing Economy business model.
In view of the rapid growth of eCommerce in the recent years, Public Gold which specializes in physical gold and silver bullions trading that is equipped with online trading facilities since 12 years ago, saw an opportunity to diversify its gold & silver trading business, by venturing into eCommerce platform under PG Mall Sdn. Bhd.
PG Mall’s strength as a local eCommerce site is in its shared customer base with Public Gold that has more than 1,000,000 customers (and still growing) across South East Asia (SEA). PG Mall aims to bridge its local merchants to regional SEA markets through its platform, followed by global ventures in the near future to boost the local economy.
This effort coincides with the Prime Minister’s recent call to support and spend on local goods and services to help accelerate Malaysia’s economy under the year 2020 Buy Malaysian Products campaign amid the Covid-19 pandemic with the popular social media tagline #KitaJagaKita.
PG Mall saw an impressive revenue growth in its initial startup years and has since gained substantial market shares to compete with bigger and long-established foreign players of similar kind within the eCommerce industry in Malaysia.
Besides that, PG Mall also saw an exceptional growth in revenues in the recent months, since the implementation of Movement Control Order (MCO) in Malaysia on 18th March 2020 as an emergency response to the Covid-19 pandemic. With the movement restriction in place, Malaysians were quick to adapt and have opted to purchase their essential goods online, ever since.
“We are thrilled by the recent ranking by iPrice Insights which has recorded a tremendous increase from 1,688,500 site visitors to 4,087,400 site visitors in the last quarter (April – June 2020) while maintaining the third ranking among foreign-owned online marketplaces of similar kind, and foresee that we will continue to grow to greater heights, thanks to the continued support from our existing and new customers,” said Founder and Managing Director of PG Mall, Dato’ Wira Louis Ng. “And in view of the current battle against the Covid-19 pandemic, let us do our local frontliners a favour – stay home, shop from home and stay safe.”
PG Mall’s rapid growth was made possible through an aggressive marketing strategy that is customercentric to grow its merchant and customer base under a unique business concept known as ConsuMerchant.
The ConsuMerchant concept is basically a profit sharing plan developed to benefit PG Mall shoppers by rewarding them with cash back ranging from 0.5% up to 3.5% on every successful transaction made. This concept also applies for referring new shoppers onboard under PG Mall referral programme.
For every successful transaction made by the referred shoppers, the introducers will also receive cash back of 0.5% per transaction, up to a maximum of 3.5%. This business model aims to help create a healthy and balanced economy business ecosystem by giving everyone an opportunity to earn legitimate incomes and build a permanent business empire with PG Mall.
And last but not least, to enhance shoppers’ online shopping experience, PG Mall has collaborated with major digital payment service providers in Malaysia namely Boost, GrabPay, Touch ‘n Go eWallet, Maybank QR Pay, iPay88, MCash and kiplepay to ease payment process while enabling shoppers to enjoy enormous special deals from time to time. By far, PG Mall is the only e-commerce platform that integrates all major eWallet services in Malaysia for the convenience of its shoppers.
Since its inception, PG Mall has attracted over 10,000 merchants and 1,000,000 shoppers onboard with over 1,000,000 merchandises, consisting of mainly lifestyle products and services to cater to local and regional markets.