mynews.com

myNEWS.com is retail convenience chain located in Malaysia. As of 2021, myNEWS.com has more than 452 outlets, the majority of them located in the urban areas of Peninsular Malaysia. myNEWs outlets can be commonly found in shopping complexes, business hubs, transportation hubs and rail transport hubs, such as LRT and MRT stations. It currently serves over 2.5 million customers monthly and has more than 1600 employees.

Mynews Holding Berhad
TypePrivate limited company
IndustryRetailing
Founded25 December 1996 (1996-12-25) – Damansara, Selangor, Malaysia
Founder
  • Dang Tai Luk
    Ling Chao
HeadquartersLot No. 3, Jalan Teknologi 3/1, Taman Sains Selangor 1, Seksyen 3, PJU 5, Kota Damansara,
47810 Petaling Jaya, Selangor
,
Malaysia
Number of locations
Over 453 stores (As of February 2021)
Area served
Malaysia
ProductsConvenience products
BrandsmyNEWS.com
Number of employees
Over 1600 (As of June 2018)
Websitewww.mynews.com.my

History

On 25 December 1996, MAGBIT in 1 Utama Shopping Centre was established by Dang Tai Luk and his wife Ling Chao. In 1997, the "myNEWS.com" brand name was launched, riding on the ".com" wave then, with the opening of the first myNEWS.com outlet in Mid Valley Megamall.[1] Then, a company called Bison Stores Sdn Bhd was formed with plans to manage and expand myNEWS.com outlets across Malaysia. Bison started predominantly as a print media retailer and evolved to become a press and retail convenience outlet chain. Gradually progressing in the early stages, Bison Stores Sdn Bhd managed to open 10 outlets after three years in operation and achieved its 100th outlet opening in 2007, 200th outlet in 2014, and its 300th outlet in 2016.[1]

In May 2016, the myNEWS.com brand name was licensed to two outlets at the Yangon International Airport in Myanmar.[1]

On 2 October 2017, Bison Stores Sdn Bhd changed its company's name to Mynews Retail Sdn Bhd.[1]

Products and services

myNEWS.com sells magazines to convenience products such as household items, food and beverage, tobacco, personal hygiene and pharmaceutical products, snacks and drinks. Some selected outlets also offers other services including prepaid top-up for mobile service providers, Touch ‘n Go reloads, bill payments, money remittance services and automated teller machines, photocopying, money changing, as well as courier services.

References
  1. "Bison Consolidated Berhad Annual Report 2016" (PDF).
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