The Discussion of U Nay Min Thu, Managign Director of iMyanmarHouse.com in the Real Estate Show Myanmar 2015 (Part 1)

Posted by May Thet Hnin (iMyanmarHouse.com)

Real Estate Show Myanmar 2015 was held on 3rd – 5th August at Shangri-La Hotel. The discussions of U Nay Min Thu, Managing Director of iMyanmarHouse.com are extracted as following.

Moderator: Please tell us about your view on e-commerce in Myanmar.

U Nay Min Thu: Global e-commerce is actually developing. I believe in the future of e-commerce. But in other words, we are still receiving 70% of offline products depending on the customers. There are no fears in the development of e-commerce in Myanmar. So, the revenue of offline shops will not be declined. If you look at the United States, you can see many Internet usages. Yet, 90% of nationwide sales are from offline shops. So, we are going to welcome to both of onlne and offline.

Moderator: Do you think the combination strategy of offline and online will fall in the future?

U Nay Min Thu: If you look at the Apple Company, Steve George returned to Apple in 1997 by activating and opened the first Apple Store in 2010 before introducing the iPod. Now every Apple Store gets the higgest revenue in comparison with other technical stores. Such Apple Store receives offline products.