Missexpo Management
SUMMARY
Missexpo Management Sdn Bhd is an E-commerce Business Centre (BizHub) that operates Missexpo BizHub in Malaysia.
Missexpo business objective is to build a business centre and services for all e-commerce friendly entrepreneur. Missexpo leverage on the strategic partnership with major courier service companies to provide e-commence business solutions to industry players which currently have no proper channel to grow and capitalize the current boom.
Thanks to its strategic partnership with major courier service companies, Missexpo BizHub is one of the network channel for courier services companies to expand their courier services business as well.
Missexpo Management Sdn Bhd operates and runs a unique business concept that is specially created and developed by our own professional business development team who have vast experiences in Courier Services, E Commence, Marketing Strategies and Corporate Consultancy. It’s creative, innovative ways to incorporate new or existing business ideas to position our business concept to be appealing and highly accepted by the current global business environment.
PROBLEM
The E commence business network channel is incomplete. We see a gap and opportunity in between merchants, courier service companies and shoppers.
In 2019, Malaysia's retail industry was expected to stand at RM 107.5 billion. Pre Covid 19 pandemic, the estimated size of the e-commerce market represented about 15%-18% of the total retail market in Malaysia. During Movement Control Order (MCO) it is difficult to purchase goods offline, so the remaining 82%-85% of purchases have flooded the e-commerce scene.
So naturally, the e-commerce landscape as a whole is growing. During the MCO period, the e commence players were enjoying fourfold sales growth.
However more and more retailers, courier service companies and shoppers are facing problems like below.
Retailers:
Lack of confident to send their merchandise to Non industry focus location
Does not have a professional office or offline platform to teach them all the compliance and requirement to be an online to offline E-commerce businessman.
Pick up points are not E-commerce friendly. It only does courier without any other services.
No advise and services that is always required by retailers to understand cross country customs, taxes, company compliance, company setup, legal matters and others directly related to E commerce Enterprise.
COVID-19 pandemic resulted in surge for courier services, lacks of outlets to support
Courier service companies:
Retailers drop off points is not visible. It is all over the place represented by middle man aggregators with only a small sticker at the window to represent courier services company.
Huge amount of parcels finds it difficult to work with aggregator that does not have enough space and facilities for them to courier.
Shoppers:
Does not have a familiar brand to become their collection point.
At times, the customer finds it redundant to go to collection / courier for only single purpose. This would be a waste of their time. This is due to these customer are electronic savvy, would like to multi task and high tech related
SOLUTION
Missexpo E- commence business centre (Missexpo BizHub) provide One Stop E- commence business services:
Professional Advice for growing E Commerce Businesses.
Co-Meeting Space for Online Business meetings or discussion.
Authorised as a Delivery Point and Drop off point
Business services like Registering a company to yearly accounts and tax, etc
Virtual address
Bills payment
Product exhibition
PRODUCT
E Commence services: |
E-Commerce Business Services: |
Professional Services: |
Corporate Services: |
Domestic Parcel |
Exhibition Services |
License (Businesses, MOF, CIDB, ETC) |
Professional advise on set up E commence business |
International Parcel |
Meeting Room |
Register New Company |
Accounting, Tax and Audit, Company Secretarial |
Pick Up Drop Off (PUDO) |
Bill Payment (phone, e-wallet) |
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Virtual Mail Box Services |
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Visa Renewal & Registration |
TRACTION
E-commerce has become an important aspect to consumers. Over the last 4 years, e-commerce has seen 25% 4 year-on-year growth to become a US$2.315 trillion dollar industry. An increasing number of e-commerce platforms have emerged to displace traditional retailers as they capitalize on the convenience afforded by the increased connectivity. Consumers now enjoy the benefit of discovering, comparing and purchasing almost anything and having it delivered within hours or even minutes.
This industry is forecasted to grow even further to US$4.51 trillion by 2021, a huge 246% increase from 2014, driven by improving telecommunications infrastructure and rising affluence in developing countries amongst other factors.
In China, the annual 11/11 Singles Day Carnival, coined by Alibaba, set another record by topping over USD$25 billion of products sales within one (1) day. This represents a remarkable 39% increase as compared to sales figure in 2016.
Malaysia’s e-commerce market is worth USD 4.3 billion and is expected to double to USD 8.1 billion by the year 2024, at 14% CAGR.
E- Commerce is a game changer for the retail industry. The more consumers order online, the less likely they are to see a service assistant in a shop. This important role is transferred to the couriers. The time of delivery is often the only time a customer comes into physical contact with the store. It makes sense that retailers are increasingly taking a critical look at the couriers who represent them, as well as the service offered by couriers in the home.
Hence, Missexpo BizHub is the bridging gap between retailers, consumers and courier companies.
Missexpo Management Sdn Bhd will taking 5 step above to Launch BizHub.
BUSINESS MODEL
Missexpo E commence business center (Missexpo BizHub) provide One Stop E- commence business services to consumers, merchants and entrepreneurs. Missexpo BizHub is the authorised delivery and drop off points for courier companies thus walk in or corporate consumers can send or pick up their parcels at their nearest Missexpo BizHub centers.
The recent covid 19 pandemic has changed the business landscape. More and more business entrepreneurs discovered the advantage of E commence businesses. Missexpo BizHub provide professional services for E commence businesses like company secretarial services, accounting and tax services.
In additional, Missexpo BizHub provide co-meeting space for online business meetings and exhibition space for businesses to display their products.
MARKET
The Courier, Express and Parcel industry in Malaysia is expected to register a growth rate more than 8% during the forecast period. The courier, express, and parcel market in Malaysia is mainly driven by the growth of e-commerce. Apart from e-commerce, services sectors, such as the banking, finance, and healthcare sectors, contribute to the growth of the market.\
COMPETITION
Missexpo is the pioneer in providing E-commence Business Centre (Missexpo BizHub) in the industry, there are none similar courier companies which provide more than courier services.
Missexpo provide to consumers a business centre with end to end solution helping retailers, courier companies and shoppers e-commence needs
FUNDING
Missexpo management Sdn Bhd is raising RM900,00 in exchange for 30% equity to fund the growth of the company. The fund will be used to focus on 3 key areas which are outlet opening, strategic partnerships, and product development to further improvise the E Commence system channel and develop new modules to cater to the different business industries as well as for OPEX.
The fund would be utilized in the proportions highlighted below:
VISION
To gain 10% share market of courier and E commence business services in Malaysia.
INVESTOR
The initial capital was funded by the Chief Strategy officer, Mr Lum Mun Jun.
This Equity Crowd Funding round is Yun Ling first fundraising exercise.
FOUNDER
TEAM
Missexpo BizHub team consists of 2 corporate members(Pakatan Mesra Sdn Bhd) with experience in management, business, finance, courier services and E commence industry. We strive to make an impact on E commence industry by revolutionizing E commerce industry friendlier to entrepreneurs, shoppers and courier companies. Missexpo BizHub,the company targeted to generate about 12 jobs for the business.