KUALA LUMPUR, April 20 — Social e-commerce market operator Fingo Group Ltd through its subsidiary, Fingo Malaysia Sdn Bhd, has secured an increase of between 150 per cent and 200 per cent in online sales since the implementation of the Movement Control Order (MCO) in March 18 against the previous month.
Its group chief executive officer Jack Yi said the success proves the Fingo online shopping app’s popularity thanks to its convenience and savings offered.
“We believe that social e-commerce is not only unique in the sense that it can provide a better online shopping experience, but also a new lifestyle which connects people.
“During this global crisis, Fingo stands together with Malaysia in ensuring the stability of our online shopping service,” he said in a statement today.
Fingo is now on the right track with a membership of more than 5,000,000 users only after 12 months in the market, which includes over 500,000 Preferred Shoppers who can earn considerable income from Fingo through its unique cashback system even during this pandemic.
“Due to our fast growth, we have been driven by our local logistics partners to upgrade their ability to handle more orders and shorten delivery times,” said Yi.
Moreover, Fingo’s growth is also good news for local suppliers as it now offers over 100,000 products, 20 per cent of which are locally made.
With its extensive ASEAN cross-border network, Fingo’s e-business aims to connect Malaysian merchants and manufacturers to the region’s online market.
With the ability to connect with major social networks of Whatsapp, Facebook and Instagram, and thus expand the reach of businesses and users, Fingo plans to aggressively explore the growing e-commerce market and to capitalise on big business opportunities in the ASEAN region.