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> Why are all the e-commerce companies Singaporean?, Does Malaysia have one?

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SUSThirmaha
post Jun 14 2021, 12:09 PM, updated 4 months ago

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Have you realized that all the e-commerce companies are from Singapore? Carousell, Qoo10, Lazada, Shopee, Zalora etc. Why?

I know Indonesia has Tokopedia, but they don't seem to be influential or even well-known outside of Indonesia. Meanwhile companies such as Shopee are present even in countries outside of Asia. It's like they are trying to compete with Amazon as an alternative in the long-term.

Should Malaysia also have an e-commerce company just to serve our interests, both as customers and sellers? Why rely on Singaporean companies? All we're doing is propping up their fintech economy at our expense.
LamboSama
post Jun 14 2021, 12:10 PM

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Mudah, lelong got.
ikankering
post Jun 14 2021, 12:11 PM

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no.

i like rent factory. make product and sell online.


drowning
post Jun 14 2021, 12:12 PM

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Because it is easier to setup company there then here. No need to give away that much.
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post Jun 14 2021, 12:12 PM

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Jun 14 2021, 12:12 PM
This post has been deleted by Thirmaha because: Off-topic

SUSThirmaha
post Jun 14 2021, 12:12 PM

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QUOTE(LamboSama @ Jun 14 2021, 12:10 PM)
Mudah, lelong got.
*
How old is that company?
arsenwagon
post Jun 14 2021, 12:12 PM

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Malaysian wanna make neck pillow only..... Wanna be stuck at producing basic items asalkan 1 million celery pay 1.2k to spm worker.
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post Jun 14 2021, 12:13 PM

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QUOTE(Thirmaha @ Jun 14 2021, 12:12 PM)
How old is that company?
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Didn't know age of companies matter in e commerce. hmm.gif
zero5177
post Jun 14 2021, 12:13 PM

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Malaysia Lelong actually partly sold to Japan company
empyreal
post Jun 14 2021, 12:13 PM

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Because its easier to get start up financing there. You pitch a good idea and people will invest.

Pitch a good idea in malaysia amd people will say property is better, or ask for ponzi game 'guaranteed returns'.
SUSThirmaha
post Jun 14 2021, 12:14 PM

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QUOTE(LamboSama @ Jun 14 2021, 12:13 PM)
Didn't know age of companies matter in e commerce.  hmm.gif
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Because Shopee was only created in 2015...in such a short space of time they grew so big. It's still not over yet for Malaysian companies if they keep dilly-dallying.
James1983
post Jun 14 2021, 12:14 PM

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QUOTE(LamboSama @ Jun 14 2021, 12:10 PM)
Mudah, lelong got.
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Mudah already acquired and folded under Singapore’s Carousell…
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post Jun 14 2021, 12:14 PM

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because plotek
Mixo Mania
post Jun 14 2021, 12:15 PM

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Lowyat Garage Sales kan ada

This post has been edited by Mixo Mania: Jun 14 2021, 12:15 PM
xCM
post Jun 14 2021, 12:15 PM

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QUOTE(drowning @ Jun 14 2021, 12:12 PM)
Because it is easier to setup company there then here. No need to give away that much.
*
Easier to setup private and go listed there.

All meritocracy. You competent? Money will reward you.

Grab wanted to list in msia but guess what the bumi said? They want some portion! Of course they will go to Singapore and HK.


M4A1
post Jun 14 2021, 12:17 PM

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lmap TS obses with singapore
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post Jun 14 2021, 12:17 PM

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QUOTE(xCM @ Jun 14 2021, 12:15 PM)
Easier to setup private and go listed there.

All meritocracy. You competent? Money will reward you.

Grab wanted to list in msia but guess what the bumi said? They want some portion! Of course they will go to Singapore and HK.
*
The “protek” / quota mindset (for funding) is killing our startup ecosystem

Temasek be like “yes, good idea, come to SG and we will fund you”
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post Jun 14 2021, 12:17 PM

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Jun 14 2021, 12:17 PM
This post has been deleted by Thirmaha because: Off-topic

LamboSama
post Jun 14 2021, 12:18 PM

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QUOTE(Thirmaha @ Jun 14 2021, 12:14 PM)
Because Shopee was only created in 2015...in such a short space of time they grew so big. It's still not over yet for Malaysian companies if they keep dilly-dallying.
*
Those coupons/discount.
It was the same strategy for grab.
Now you ever wonder where they get the money to give all those free rides etc?
joey2000
post Jun 14 2021, 12:19 PM

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Grab from Malaysia, they moved to SG.
ah_suknat
post Jun 14 2021, 12:19 PM

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QUOTE(empyreal @ Jun 14 2021, 04:13 AM)
Because its easier to get start up financing there. You pitch a good idea and people will invest.

Pitch a good idea in malaysia amd people will say property is better, or ask for ponzi game 'guaranteed returns'.
*
Is this true?
M4A1
post Jun 14 2021, 12:19 PM

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why u / tS always ask talk about SG?
SUSThirmaha
post Jun 14 2021, 12:20 PM

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QUOTE(M4A1 @ Jun 14 2021, 12:19 PM)
why u / tS always ask talk about SG?
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Because I want Malaysia to improve
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post Jun 14 2021, 12:20 PM

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post Jun 14 2021, 12:20 PM

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need to give free share 30%.......who want to give ?
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post Jun 14 2021, 12:21 PM

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QUOTE(Thirmaha @ Jun 14 2021, 12:20 PM)
Because I want Malaysia to improve
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why SG? cannot thai? aus? us? japan? brows.gif
LamboSama
post Jun 14 2021, 12:21 PM

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QUOTE(Thirmaha @ Jun 14 2021, 12:20 PM)
Because I want Malaysia to improve
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Pretty sure opening threads in K do nothing. laugh.gif

You starting an e commerce site might help.
SUSThirmaha
post Jun 14 2021, 12:23 PM

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QUOTE(M4A1 @ Jun 14 2021, 12:21 PM)
why SG? cannot thai? aus? us? japan?  brows.gif
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Because SG practically has the same culture as us just under a different government, with a shared history. Australia and Japan is not the same. Different mindset.
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post Jun 14 2021, 12:23 PM

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Singapore is MSC status. Oh wait
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post Jun 14 2021, 12:24 PM

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QUOTE(James1983 @ Jun 14 2021, 01:17 PM)
The “protek” / quota mindset (for funding) is killing our startup ecosystem

Temasek be like “yes, good idea, come to SG and we will fund you”
*
Besides, have to set aside 30% revenue to hire people goyang telur.


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post Jun 14 2021, 12:24 PM

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QUOTE(Thirmaha @ Jun 14 2021, 12:23 PM)
Because SG practically has the same culture as us just under a different government, with a shared history. Australia and Japan is not the same. Different mindset.
*
different culture
J1g54w
post Jun 14 2021, 12:24 PM

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QUOTE(drowning @ Jun 14 2021, 12:12 PM)
Because it is easier to setup company there then here. No need to give away that much.
*
arsenwagon
post Jun 14 2021, 12:26 PM

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QUOTE(M4A1 @ Jun 14 2021, 12:24 PM)
different culture
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U also know brows.gif
yunodie
post Jun 14 2021, 12:27 PM

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QUOTE(empyreal @ Jun 14 2021, 12:13 PM)
Because its easier to get start up financing there. You pitch a good idea and people will invest.

Pitch a good idea in malaysia amd people will say property is better, or ask for ponzi game 'guaranteed returns'.
*
ask for bumi participation 50% of shares
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post Jun 14 2021, 12:28 PM

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QUOTE(Thirmaha @ Jun 14 2021, 12:09 PM)
Have you realized that all the e-commerce companies are from Singapore? Carousell, Qoo10, Lazada, Shopee, Zalora etc. Why?

I know Indonesia has Tokopedia, but they don't seem to be influential or even well-known outside of Indonesia. Meanwhile companies such as Shopee are present even in countries outside of Asia. It's like they are trying to compete with Amazon as an alternative in the long-term.

Should Malaysia also have an e-commerce company just to serve our interests, both as customers and sellers? Why rely on Singaporean companies? All we're doing is propping up their fintech economy at our expense.
*
I thought shp and lzd all own by China?

This post has been edited by Xsence: Jun 14 2021, 12:29 PM
raymondloh
post Jun 14 2021, 12:31 PM

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In additional to shares....you will also be asked, how come your director no this and that person.... what is best, the person that is asking will also say, if you don't know any, i can recommend!!!.......true story!
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post Jun 14 2021, 12:33 PM

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Nep no?
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post Jun 14 2021, 12:33 PM

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QUOTE(ah_suknat @ Jun 14 2021, 12:19 PM)
Is this true?
*
malaysia doesnt really have a culture of angel investing. many years back the govt introduced tax incentives for angel investors, but there's really not a lot of them. start-ups need capital, but need to have the stability of having the funds locked in a few years at least, and if you can provide industry advice then even better.

malaysians tend to have a different outlook. "how can i make as much money, in as little time, with the least effort". i suppose you can kinda look at all those 'money game' ponzi schemes as a sort of start-up, then in that case malaysians really like those.
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post Jun 14 2021, 12:37 PM

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QUOTE(joey2000 @ Jun 14 2021, 12:19 PM)
Grab from Malaysia, they moved to SG.
*
Nope. Myteksi founded in malaysia. Teksi ppl say they stealing money boycott.
Ask khazanah for investment tak ada bumiputera director and no future.
Grab was founded in Singapore after getting financing for temasek.

GrabTaxi initially applied for financial grant from Khazanah Nasional, the sovereign wealth fund of the government of Malaysia. However, long internal checks and processes had caused Khazanah did not agree on a deal.[32] It was the Singapore government investment fund Temasek that had agreed to finance US$10 million into Grabtaxi. In the same year, the company moved its headquarter from Malaysia to Singapore.

QUOTE(Thirmaha @ Jun 14 2021, 12:23 PM)
Because SG practically has the same culture as us just under a different government, with a shared history. Australia and Japan is not the same. Different mindset.
*
Sedap makan bang. Bagi la 30% kawan kawan tu
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post Jun 14 2021, 12:39 PM

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QUOTE(yunodie @ Jun 14 2021, 12:27 PM)
ask for bumi participation 50% of shares
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i suppose that is a consideration when you want to get listed, but they would be injecting capital just the same as other non-bumi investors.

main issue is it doesnt even get to the stage of listing. even asking people to invest in an unlisted company is difficult. that's why there's a common theme of successful start-ups - they come up with an idea, go to cradle to get a grant, tap a rich relative for more funding, then when that's done go to singapore for more funding.
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post Jun 14 2021, 12:41 PM

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QUOTE(Thirmaha @ Jun 14 2021, 12:09 PM)
Have you realized that all the e-commerce companies are from Singapore? Carousell, Qoo10, Lazada, Shopee, Zalora etc. Why?

I know Indonesia has Tokopedia, but they don't seem to be influential or even well-known outside of Indonesia. Meanwhile companies such as Shopee are present even in countries outside of Asia. It's like they are trying to compete with Amazon as an alternative in the long-term.

Should Malaysia also have an e-commerce company just to serve our interests, both as customers and sellers? Why rely on Singaporean companies? All we're doing is propping up their fintech economy at our expense.
*
Usually companies will have to apply for licences & permits from Govt .

There are many roadblocks . So the easiest way is minimum hassle ----flagship co in Singapore ---- and which country wants to operate in ---use another company whether subsidary or another person name also ok ( just minimum hassle or to avoid legal implications for complying with local requirements )

ParkBoGum
post Jun 14 2021, 12:43 PM

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Before set up a startup company, here will ask you orang kito ke?
Bukan? Funding takde. Approvals pun mungkin tak dapat.


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post Jun 14 2021, 12:43 PM

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post Jun 14 2021, 12:45 PM

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post Jun 14 2021, 12:45 PM

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QUOTE(Thirmaha @ Jun 14 2021, 12:09 PM)
Have you realized that all the e-commerce companies are from Singapore? Carousell, Qoo10, Lazada, Shopee, Zalora etc. Why?

I know Indonesia has Tokopedia, but they don't seem to be influential or even well-known outside of Indonesia. Meanwhile companies such as Shopee are present even in countries outside of Asia. It's like they are trying to compete with Amazon as an alternative in the long-term.

Should Malaysia also have an e-commerce company just to serve our interests, both as customers and sellers? Why rely on Singaporean companies? All we're doing is propping up their fintech economy at our expense.
*
Because we are stupid, untalented, and even if we tried, will kena songlap to the ground before it even began.
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post Jun 14 2021, 12:45 PM

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Member 11street? See how Axiata butcher it even though it was better than shopee initially
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post Jun 14 2021, 12:51 PM

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QUOTE(Thirmaha @ Jun 14 2021, 12:09 PM)
Have you realized that all the e-commerce companies are from Singapore? Carousell, Qoo10, Lazada, Shopee, Zalora etc. Why?

I know Indonesia has Tokopedia, but they don't seem to be influential or even well-known outside of Indonesia. Meanwhile companies such as Shopee are present even in countries outside of Asia. It's like they are trying to compete with Amazon as an alternative in the long-term.

Should Malaysia also have an e-commerce company just to serve our interests, both as customers and sellers? Why rely on Singaporean companies? All we're doing is propping up their fintech economy at our expense.
*
If you are in the business circle, you'll know that it's easier to do international business in Singapore due to the favourable terms.

Also, there are no 'little Napoleans' who wants to control your business while giving little of value just because they have certain titles and connections.

It's a serious problem.
whyamiblack
post Jun 14 2021, 12:52 PM

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Malaysia has too many cheap and lazy sitting investors. Just want to throw money, sit and do nothing. Even the big ones are like that. Throw money, expect multibagger returns and own part of the company. While you and your team are the ones who came up with the idea and worked on it ground up. Would you give up part of the company to people like this? Joe Rogan mentioned this once on his podcast which was why he went with spotify because that's the only one that wasn't asking for what he owns and actually lets him do what he wants. Also, Singapore has better terms apparently. Heard the CEO of Cakedefi mentioned this in an interview before.

This post has been edited by whyamiblack: Jun 14 2021, 12:55 PM
SUSXXXOOOXXXOOO
post Jun 14 2021, 12:52 PM

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friendly E-enviroment n finance environment .....
i created one Apps in Malaysia, zero support ...
i create one apps in Sg, SGD 20k sponsor by sg gov.
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post Jun 14 2021, 12:54 PM

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You check and see Singapore corporate tax rate.

Then you check Indonesia tax rate.

Then you tell me if you are boss, where you want to incorporate your e-commerce company.
SUSThirmaha
post Jun 14 2021, 12:55 PM

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QUOTE(XXXOOOXXXOOO @ Jun 14 2021, 12:52 PM)
friendly E-enviroment n finance environment .....
i created one Apps in Malaysia, zero support ...
i create one apps in Sg, SGD 20k sponsor by sg gov.
*
Serious? 20k just like that? Wow
novblaze
post Jun 14 2021, 12:56 PM

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Because malaysian bosses no embrace new things. So hard to get funding etc.

A lot of new fintech start up in Malaysia cannot get business in Malaysia rejected by local banks and companies. Then they get business from indo or Thai first. Then there implement successful baru local bosses want to masuk
l4nunm4l4y4
post Jun 14 2021, 12:59 PM

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Coz there is no 20-30% to appease the dumbfools
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post Jun 14 2021, 01:01 PM

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It is very easy n fast to start up ther n get support, funding... etc. Here, promised utilities incentives 10 years can suddenly cut short that incentive to 2 years n threaten take it or leave it. Also when renew visas, high execs n expats r advised to come less, hire local lah... u no need come often. So, if u r foreign companies, what is ur natural decision?
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post Jun 14 2021, 01:03 PM

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QUOTE(Thirmaha @ Jun 14 2021, 12:55 PM)
Serious? 20k just like that? Wow
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yup that is early stage of apps era (2011-2013), than sg gov provide 150k for local business ....
they have plenty subsidy ..
80ers
post Jun 14 2021, 01:04 PM

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Here before start company already kena bagi 30% equity to tongkat people without any compensation, who want to do base operation here
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post Jun 14 2021, 01:04 PM

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QUOTE(empyreal @ Jun 14 2021, 12:13 PM)
Because its easier to get start up financing there. You pitch a good idea and people will invest.

Pitch a good idea in malaysia amd people will say property is better, or ask for ponzi game 'guaranteed returns'.
*
+1

Add bitcoin to that
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post Jun 14 2021, 01:08 PM

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Blind greed will doom us all. Put rm10 effort want rm1000 equity.
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post Jun 14 2021, 01:08 PM

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11street kan ada.
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post Jun 14 2021, 01:29 PM

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post Jun 14 2021, 01:32 PM

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Tak payah appoint oren kito independent director with 30% shareholder
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post Jun 14 2021, 02:10 PM

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QUOTE(raymondloh @ Jun 14 2021, 12:31 PM)
In additional to shares....you will also be asked, how come your director no this and that person.... what is best, the person that is asking will also say, if you don't know any, i can recommend!!!.......true story!
*
Recommend as in, if you don't take my recommendation, there will be icon_idea.gif icon_idea.gif icon_idea.gif
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post Jun 14 2021, 02:12 PM

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Leceh, kroni & songlap
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post Jun 14 2021, 02:13 PM

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QUOTE(LamboSama @ Jun 14 2021, 12:10 PM)
Mudah, lelong got.
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Pay attention more to sg company
Claim all e commerce sg

drowning
post Jun 14 2021, 02:20 PM

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QUOTE(throwaway account @ Jun 14 2021, 01:08 PM)
11street kan ada.
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Still got ppl buy from there?
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post Jun 14 2021, 02:21 PM

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QUOTE(Eulm585 @ Jun 14 2021, 12:37 PM)
Nope. Myteksi founded in malaysia. Teksi ppl say they stealing money boycott.
Ask khazanah for investment tak ada bumiputera director and no future.
Grab was founded in Singapore after getting financing for temasek.

GrabTaxi initially applied for financial grant from Khazanah Nasional, the sovereign wealth fund of the government of Malaysia. However, long internal checks and processes had caused Khazanah did not agree on a deal.[32] It was the Singapore government investment fund Temasek that had agreed to finance US$10 million into Grabtaxi. In the same year, the company moved its headquarter from Malaysia to Singapore.
Sedap makan bang. Bagi la 30% kawan kawan tu
*
Khazanah got invest in Uber that time too right?

And pretty sure bijan got some connection with grab.
Since trec give priority to grab very early on. hmm.gif
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post Jun 14 2021, 02:26 PM

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100% ownership

Can register company in half a day

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post Jun 14 2021, 02:27 PM

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QUOTE(LamboSama @ Jun 14 2021, 02:21 PM)
Khazanah got invest in Uber that time too right?

And pretty sure bijan got some connection with grab.
Since trec give priority to grab very early on.    hmm.gif
*
Khazanah invested 120m in 2015 ish..
if they invested 120m in grab in 2012, like crypto 10-50x investment return.
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post Jun 14 2021, 02:28 PM

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lelong is good, but stupid malaysian not support msia brand
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post Jun 14 2021, 02:29 PM

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Bright ideas and hardwork Trump's special rights, deswai
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post Jun 14 2021, 04:34 PM

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need a lot of "connection" to link up different "tunnel"

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post Jun 14 2021, 04:36 PM

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Access to capital
Access to skilled workforce
Law and order
Stable political climate
Won’t get forced to sell your business to certain groups once you’re successful.
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post Jun 14 2021, 06:11 PM

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QUOTE(thexs @ Jun 14 2021, 04:36 PM)
Access to capital
Access to skilled workforce
Law and order
Stable political climate
Won’t get forced to sell your business to certain groups once you’re successful.
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You sum it up
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post Jun 14 2021, 06:41 PM

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QUOTE(thexs @ Jun 14 2021, 04:36 PM)
Access to capital
Access to skilled workforce
Law and order
Stable political climate
Won’t get forced to sell your business to certain groups once you’re successful.
*
Let's be honest, half of their workforce are probably made up of Malaysian PRs or ex-Malaysians. A shame most have to cross the causeway when the same competent job could have been done at home.
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post Jun 14 2021, 06:46 PM

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QUOTE(Thirmaha @ Jun 14 2021, 12:14 PM)
Because Shopee was only created in 2015...in such a short space of time they grew so big. It's still not over yet for Malaysian companies if they keep dilly-dallying.
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Culture plays a part. If you are involved with Malaysian corporate culture. Politicking kuat but work macam tahi and taichi everywhere, upper management takut to make any decision. Then you work in international companies, you see the difference. Even PRC companies operate way way better for both the company and employees well being at least outside of PRC.

This post has been edited by wotvr: Jun 14 2021, 06:46 PM
helpful
post Jun 14 2021, 06:48 PM

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QUOTE(Lyu @ Jun 14 2021, 02:13 PM)
Pay attention more to sg company
Claim all e commerce sg
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Don't even ASSUME its just ecommerce companies . There are many Malaysians also fed up and just do Flagship co in Singapore -----and just do simple setup either ali baba or whatever that's simple

These roadblocks are similar to Indonesia Govt too

Of course if physical like precious things eg gold ---can just issue document / physical gold can keep in Singapore bank


ghost_brocolli
post Jun 14 2021, 06:52 PM

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TS ni soalan ke bait lol
SUSFenix98
post Jun 14 2021, 06:53 PM

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Not many VCs willing to pump money into startups here unless cable kuat.
SUSFenix98
post Jun 14 2021, 06:54 PM

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QUOTE(thexs @ Jun 14 2021, 04:36 PM)
Access to capital
Access to skilled workforce
Law and order
Stable political climate
Won’t get forced to sell your business to certain groups once you’re successful.
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All very valid points.
SUStvcat
post Jun 14 2021, 06:55 PM

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QUOTE(Thirmaha @ Jun 14 2021, 12:12 PM)
How old is that company?
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u serious?
letitsnow
post Jun 14 2021, 07:02 PM

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they backed by investors money. all these while they drive out competition with predatory prices like free delivery, 11street and lelong sure cannot compete because no financial backed up. malaysians llike always never care wan, they just choose the cheapest.

and now investor money no more, they use whatever tricks they have to charge their customers. investors surely asking their return eventually.

i envy indon because they really support their local products. even if the local slightly pricier or inferior quality, they will buy. malaysians, sigh condemn sana, condemn sini.
arrowhead7372
post Jun 14 2021, 07:03 PM

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Cuz MY got tongkat requirements
bononoz
post Jun 14 2021, 07:10 PM

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QUOTE(kaiserreich @ Jun 14 2021, 12:20 PM)
waiting for MaraDigitalMall Online .com
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Saya suka ini idea!

You know how to get 'Preferred Seller' tag, right?
ericangtzeann
post Jun 14 2021, 07:10 PM

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Why are yall so in rush become like sg. Malaysia chill and relax not good meh? Want everyday face ppl sg kinda people only fun? laugh.gif
Farkmylife
post Jun 14 2021, 07:12 PM

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11street was joint venture with korean, sudah tutup kedai, rename to prestomall
Stirmling
post Jun 14 2021, 07:12 PM

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tax haven
jojolicia
post Jun 14 2021, 07:14 PM

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QUOTE(raymondloh @ Jun 14 2021, 12:31 PM)
In additional to shares....you will also be asked, how come your director no this and that person.... what is best, the person that is asking will also say, if you don't know any, i can recommend!!!.......true story!
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Hahaaaa getting to the titik. TS baiting well
thexs
post Jun 14 2021, 07:17 PM

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QUOTE(Thirmaha @ Jun 14 2021, 06:41 PM)
Let's be honest, half of their workforce are probably made up of Malaysian PRs or ex-Malaysians. A shame most have to cross the causeway when the same competent job could have been done at home.
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Lmao I’m one of them. Why work in Malaysia when you can make 3x within an hours flight away?
ling117
post Jun 14 2021, 07:54 PM

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ifmal.com kan ada..
pikacu
post Jun 14 2021, 07:56 PM

male tag rosak
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you havent learn a shyt from grab fiasco?
ahemdolah
post Jun 14 2021, 08:01 PM

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All that are PRC companies, they just got regional HQ in Singapore. 🤭
wotvr
post Jun 14 2021, 08:19 PM

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QUOTE(Farkmylife @ Jun 14 2021, 07:12 PM)
11street was joint venture with korean, sudah tutup kedai, rename to prestomall
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I forgot it even existed lol
ichigo_6091
post Jun 14 2021, 08:30 PM

Renewable energy pls
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