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 with the opening of the first myNEWS.com outlet in Mid Valley Megamall.

[1] Subsequently, a company called Bison Stores Sdn Bhd was formed with plans to manage and expand myNEWS.com outlets across Malaysia.

To further reduce its environmental footprint, myNEWS has installed solar panels at its headquarters and food processing center (FPC), generating 1,325,602 kWh of clean energy in fiscal year 2023, a 69% increase from the previous year, and resulting in a 10% reduction in energy costs.

myNEWS has also made significant strides in reducing traditional plastic usage, opting for biodegradable alternatives, and has recycled 58,029 kg of used cooking oil into biofuels and biodiesel.