SERDANG: Young Chinese e-commerce entrepreneurs aged between 18 and 45 will be provided with an allocation of RM25mil to help them move forward in the country’s digital transformation journey, says Prime Minister Datuk Seri Najib Tun Razak.
He said the money will be provided for through the newly launched E-Commerce Micro Credit scheme.
It should be accessible to any Malaysian Chinese who wants to participate in the digital transformation journey.
“So, let me urge Chinese youths and small and medium enterprises (SMEs) to take this golden opportunity to make your own digital transformation a success, and to play the fullest part in making our Transformasi Nasional 2050 (TN50) a reality,” he said in his speech at Wisma Huazong in Seri Kembangan here yesterday.
Also at the event were Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong, Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan and Malaysian Chinese Women Entrepreneurs Foundation founder Tan Sri Lim Soon Peng.
Najib added that through the scheme, he hoped that results could be achieved in three key areas.
“Firstly, to nurture ‘techno-preneurship’ among young people. Secondly, to improve living standards for youths and to transform traditional SMEs so that they can remain competitive and relevant, and help our rural products go global,” he said.
He said 41 Chinese-based associations and chambers of commerce nationwide have volunteered to join the programme as strategic partners.
Najib pointed out that digital transformation was not just an opportunity but it was imperative for all businesses.
“It has been reported that one-third of leading firms will be disrupted by new competitors within five years and it will be a case of transform or perish.
“There really is no alternative. We must transform or be left behind,” he said.