Malaysia to introduce new eCommerce Bill to protect local businesses

Malaysia's government announced a new eCommerce Bill to shield local SMEs from unfair competition by foreign platforms like Pinduoduo, which undercut local retailers by up to 50%. The Bill will be tabled at the next parliamentary meeting, replacing the Electronic Commerce Act 2006, and may introduce platform licensing.

• Foreign platforms undercut local sellers by up to 50%
• Bill will replace the Electronic Commerce Act 2006
• A licensing regime for eCommerce platforms is under consideration
• Two committees will expedite drafting before tabling