If you are looking for business opportunities in Asia, Malaysia comes up as an inviting and welcoming business environment. The Malaysian emerging market boasts a myriad of business opportunities and appealing investment options. The launch of e-commerce platform DFTZ in November 2017, for instance, marked the epitome of positive business sentiment and fueled the tech-based business growth in the Southeast Asian country.
Both conventional and online businesses have followed suit and thrived in the market ever since. This piece catches a glimpse into the abundant business opportunities in Malaysia across a host of different sectors with diverse investment choices.
Flourishing business sectors in Malaysia
Malaysia’s newly industrialized market has seen massive progress in the recent period and is currently deemed one of Asia’s top-performing investment spots. The country’s economy ranks among the top 20 worldwide in terms of competitiveness, and is one of the top 10 countries where conditions are convenient to do business. It’s no wonder, then, that so many investors are heading toward the Malaysian market as it is growing as a remarkable investment hub.
Top investment industries in Malaysia
Many industries are witnessing considerable leaps in Malaysia, and thus offer excellent opportunities for local and foreign investments alike. These include:
- Electric vehicles and energy-efficient transport options
- Social media branding companies
- Home sharing and ride-sharing services
- Food and beverage delivery provision
- The automotive industry including second-hand car sales
- Finance and banking
- Information communications technology (ICT)
Malaysia’s top 10 startups
In fact, you can get inspired by the numerous success stories that took place in the Malaysian market. Here are some of the country’s most promising startups that have been launched over the past couple of years:
Founded by Teoh Jium Ee and Eric Cheng, this automotive selling platform acts as a broker for used vehicles. Allowing for transparent pricing without any hidden charges, Carsome offers free valuations, while handling all the paperwork within a matter of 5 days.
This video on demand (VOD) service is available across Africa and Asia, with an app that is available across 25 countries and in 14 different languages. The platform gives access to thousands of movies and TV shows. You can watch these videos on your phone, laptop, tablet, or TV.
This online retailer of designed gifts and flowers has managed to become extremely popular thanks to its weekly subscription service. The platform offers outstanding luxurious designs along with free delivery.
This portal is aimed at women empowerment and promotes healthy lifestyle videos, food recipes and articles, as well as diets and health programs that include meal delivery.
Powered by cutting-edge technologies, Supahands offers the opportunity to outsource repetitive data management, machine learning, and moderation of content for businesses. The tech-based business also provides multiple project management tools and auto-routing.
Similar to the Airbnb business model, this platform allows students to find and reserve their accommodation online. The hosting platform covers over 1000 tenant communities all over Malaysia.
This recruitment platform is dedicated to young professionals who look for job opportunities. Wobb highlights the work culture of different companies and allows job seekers to see how well they would fit within a potential employer’s way of operation before submitting an application.
Matching service seekers and qualified providers of skills, Kaodim offers an array of services that range from cleaning and fitness coaching to plumbing and pest control.
Standing out as an outbreaking fintech solution for financial institutions, this online service provider helps companies expand their reach and scale up their success. The platform allows the selection of particular financial products as well as applying for them online.
This price comparison platform gathers information about pricing and product availability from a number of e-commerce sites and clothing e-tailers. The online shopping platform creates a favorable shopping experience for southeast Asian shoppers.
As you can see, the emerging Malaysian business sphere features a wealth of investment opportunities and marks a lucrative choice for anyone who looks forward to launching a new business. You might become the next success story; adequate market research and thorough feasibility study are all it takes to run a successful company in such an alluring market.
Need for translation
Once you are ready to tap into the new emerging market of Malaysia, you will encounter one last communication barrier; language is the missing point! To get over this barrier and complete your journey to success, all you need to do is to partner with a native and reliable translation vendor to help you extend your footprint into the huge market of Malaysia.
SEAtongue makes the world of Malaysia more accessible via their world-class translation and localization services.
Whether it’s a document in preparation for a business meeting or slideshow, or a report that needs to be highly accurate, SEAtongue has the potential to secure you those much-needed business deals in this wonderful country. Get in touch now and have your company turning into a native-like successful business within the Malaysian market.
Contact us now and get your free quotation!