KUALA LUMPUR: The eighth edition of the Malaysia Top E-commerce Merchant (Top ECM) Awards achieved phenomenal sales of RM7.57 million, Selangor Information Technology and Digital Economy Corporation (Sidec) said.
Sidec said this year, the Malaysia Top ECM Awards have recorded a total of 602 applications, which is an increase of 36.8 per cent from the previous year.
"Out of the pool, 360 companies were shortlisted to embark on their journey in this year's Top ECM event, which features three award categories, namely Top E-Commerce Merchant Awards, Selangor E-Commerce Merchant Awards, AFFIN BANK Special Awards for Rising Stars, and AFFINGEM Women Trailblazer Awards," it said in a statement.
Top ECM participants were assessed based on three criteria, which consisted of 50 per cent of an online sales contest, 25 per cent a livestream contest, and 25 per cent of business potential criteria, by a panel of judges from the e-commerce industry.
Sidec said a number of participating e-merchants promoted products and services during the 'Livestream' festival operated by Lazada at Festival Usahawan Gempak.
Entrasact Technology Sdn Bhd appeared as the winner in the competition, which earned the company a cash prize of RM10,000, a trophy, and a certificate.
While Caring Pharmacy Retail Management Sdn Bhd and JSK Global Sdn Bhd landed at the second and third spots, receiving RM8,000 and RM5,000 in cash, respectively, as well as trophies and certificates.
Affin Islamic Bank Bhd's Datuk Paduka Syed Mashafuddin Syed Badaruddin said the bank is honored to be the main sponsor of the award for the fourth consecutive year.
"Through this inspiring event, we had the honour of rewarding two exclusive AFFIN BANK Awards, namely; the Rising Star Award, which recognises the aspiring start-ups that have shown great potential to grow extensively and profitably in the future, and the AFFINGEM Women Trailblazer Award, which celebrates excellence among female entrepreneurs who strive for success through innovation, creativity, and strategic development," he said.
Syed Mashafuddin said Affin pledged to strengthen small and medium enterprises and help equip the company to scale up with financial support.
"Even if you're only six months into operations, as well as providing access to the right solution providers for digital transformation and digital resiliency, your business growth is our priority," he added.
Top ECM is an award that recognises the most successful, creative, and innovative homegrown e-commerce merchants, which can benefit from the increased recognition and opportunities to further increase their brand's presence among industry players.