Kaymu online shopping site hits 2,000 retailers

THE German online shopping website Kaymu has announced that it has successfully connected with over 2,000 retailers in Myanmar over the last two years.

“We’ve seen an increase in sales by approximately 20 per cent, which is mainly to do with people having more trust toward online shopping,” said Alexander Wiederin, a business development executive for Kaymu Myanmar.

The Kaymu website features over 2,000 stores, shopping transactions taking place between 200 and 500 of those stores every day. Products purchased are sent daily to 58 large urban centres around the country through Kaymu’s delivery network.

“Business was slow at the start of trading [with Kaymu], but we’ve now sold nearly 1,000 products. The main items we sell are mobile phones, accessories and gadgets,” said U Aung Ko Oo.

Myanmar is still a developing country, but the increase in mobile phone usage throughout the country has allowed its online market to develop rapidly, with kitchen appliances soon to go on sale online.

“The main issue with online shopping is discrepancies between the advertised photo of the product and its actual quality. You also can’t exchange shoes should the size you purchase not fit properly. On top of that, I’ve experienced costly delivery fees because of not living on the main road. Even the township delivery agents aren’t familiar with the roads in the township, frequently calling me for directions and disrupting my work,” said Ma Nan Chit from Yangon’s Mingala Taung Nyunt Township.

Kaymu is a venture of the German Rocket Internet company, which first started its operations in Nigeria and Pakistan in 2013 before setting foot into the nascent Myanmar market the following Year.

Source: Myitmakha News Agency

NB: The best way to find information on this website is to key in your search terms into the Search Box in the top right corner of this web page. E.g. of search terms would be “property research report”, ”condominium law”, "Puma Energy", “MOGE”, “yangon new town”,"MECTEL", "hydropower", etc.