Facebook has unveiled Marketplace in Malaysia, allowing consumers to discover, buy and sell goods locally. The platform is now available in 70 countries globally, including Singapore, Indonesia and Hong Kong.
Marketplace leverages the company’s database and algorithm to provide both buyers and sellers with information such as each other’s public profiles, mutual friends, and how long they have been on Facebook. It shows consumers items that are relevant to their interests and are available in their community.
Users can filter their search results by location, category or price and browse various categories including household, electronics and apparel. They can also switch locations by using the built-in location tool. More details of the seller and product description can be found by tapping on the image.
As Facebook does not facilitate the payment or delivery of items in Marketplace, sellers and buyers are expected to communicate directly with one another to work out details of the purchase. To sell an item, individuals have to post a picture, describe the item and set a price.
Karandeep Anand, director of product management, said consumers can "feel good" about buying and selling on Marketplace because it is easy to view the public profiles of buyers and sellers.
“Already 700 million people buy and sell in groups on Facebook each month. Whether you’re a new parent looking for baby clothes or a collector looking for a rare find, Marketplace makes it easier to buy and sell what you need," he added.