32M population actually but from that the stats show that 25M people use the internet. So if you have access to the internet in your household in Malaysia you have access to online shopping yes? i see this as the equivalent of Australias population. What i feel you havent accounted for also is the access to other countries from Malaysia should the success continue. the Euro,US markets are flooded with competition so dare I say SEA is a much better prospect. Lastly if you have made it in SEA you will definitely be seen as target for acquisition.
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