This is the story of how 99 Speedmart founder Lee Thiam Wah earned the title, The King of Mini Markets.
. Today, we’ll be sharing with you guys another origin story of a famous mini market, 99 Speedmart. You can find this mini market basically anywhere you go around the country.
Being born with a physical disability did not stop the founder of 99 Speedmart, Lee Thiam Wah from working hard and becoming a successful entrepreneur. This is the story of how he earned the title, The King of Mini Markets.Lee Thiam Wah was born in Klang, Selangor in 1964. His early childhood was definitely not easy. As a baby, he suffered from polio which made him unable to walk ultimately leading him to be wheelchair bound during his childhood.
Unfortunately, his parents couldn’t afford to educate their children to pursue a higher education. Primary 6 was the furthest Thiam Wah could go. At the age of 14, the future entrepreneur started his own small business selling snacks to help his parents out. By 1987 at 23, he managed to save a sum of RM17,000. He used the money to start his very first grocery shop called ‘Pasaraya Hiap Hoe’. After a few years, he sold his grocery business for RM88,000 and opened a mini market named ‘Pasar Mini 99’. This was the moment his life changed forever.Ever wondered why it was named 99 Speedmart? The owner explained that the number 99 was not a perfect 100 score, hence there was always room for improvement where his business was concerned.
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