One of the most exciting technology groups to have emerged in Malaysia over the past few months is Vettons, which according to its website, “lives to innovate and breathe technology”.
On eCommerce, Vettons aims to disrupt the market with game-changing solutions and better experiences.
“We take pride in leveraging today’s latest tech to empower consumers in today’s digital world. We’re also proudly Malaysian,” its website further said, adding that Vettons aims to be trusted services provider of choice by simplifying the lives of the modern day shopper using an intuitive, cutting-edge platform.
The New Straits Times’ business report on the company yesterday also provided an interesting insight into Vettons’ commitment to nation-building.
According to the report, Vettons believes that nation-building is core to its growth strategy of nurturing digital entrepreneurs to thrive in today’s digital economy.
“Nation-building is a ‘win-win’ approach that benefits our aspirations of emerging as a leading technology group, as well as that of society’s,” Vettons’ Head of Corporate Abdullah Sani reportedly said.
He cited the Malaysian Government’s ‘Smart Village’ (Desa Pintar) initiative spearheaded by the Rural Development Ministry as an example. The initiative is aimed at encouraging digital entrepreneurship within Malaysia’s rural areas, of which Vettons is a strategic partner.
Besides Vettons, the initiative is also supported by leading industry players such as Telekom Malaysia Bhd (TM), Axiata Digital Ecode Sdn Bhd (Boost), Celcom, Maxis, Samsung Malaysia Electronics Sdn Bhd, AWS Malaysia, EBdesk Malaysia Sdn Bhd and Integriti Padu Sdn Bhd.
This initiative aims covers the provisions of high-speed Internet access, reskilling and upskilling training, entrepreneurship development programme, interactive engagements, e-marketplace application usage and digital marketing. It focuses on six core areas which are infrastructure, economy, entrepreneurship, human capital, women and delivery system.
Desa Pintar is on the track to grow the rural digital economy as proven with other developed countries initiative such as Taobao Village in China, said Sani.
“Vettons is a fully-owned Malaysian technology group with core products and platform revolving around artificial intelligence, augmented reality, machine and deep learning capabilities among other new technology solutions and offerings,” explained Sani.
Business Circle KL has heard from sources that Vettons has assembled a team of highly experienced, dedicated and capable professionals over the past few months.
“We aspire to revolutionise the retail and e-commerce ecosystem while providing users with highly customized experience and convenience of the future, today,” he added.
One such initiative is the Vettons ‘new retail’ e-marketplace which offers goods and services directly from the production process to the end-consumer. This is a platform which rural entrepreneurs are able to leverage on to bring authentic products to Malaysia and the region at large.
“We do this by developing a service that challenges the market with product quality, faster delivery times, a better return policy, our consumer centric focus, and developing new and technology-driven offerings,” he said.
The e-marketplace also incorporates Vettons’ AI virtual shopping assistant called ‘Zoni’.
“We plan to make Zoni the most powerful AI companion for Malaysian consumers as eCommerce has already entered the era of ‘new retail’, whereby it is about convenience and lifestyle experiences,” explained Sani.
“This is where Vettons as a technology group comes in: We are in the business of offering new shopping experiences, combining the best of online and offline commerce,” he added.
Besides Vettons’ ‘new retail’ e-marketplace, the company is also currently busy onboarding merchants throughout Malaysia in its quest to assist the nation achieve its Shared Prosperity Vision 2030.