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An e-cooperation for seamless trade between China and Malaysia
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ALIBABA Group said today it has signed a memorandum of understanding with Malaysia Digital Economy Corporation (MDEC), Malaysia’s digital economy development agency, and the Hangzhou Municipal Government to connect the first e-hubs in the two countries under the Electronic World Trade Platform (eWTP) initiated by the e-commerce giant.
The three parties agreed to work together to explore potential strategic collaborations and seeks to enable the building of infrastructure for seamless cross-border e-commerce trade between Malaysia and China.
Under the MOU, the parties will join forces to explore linkages between the China (Hangzhou) Cross-Border E-Commerce Comprehensive Pilot Zone – the first domestic e-hub, which Alibaba Group played a key role in establishing – and the DFTZ in Malaysia, established by Alibaba and MDEC earlier this year, as pilot implementation towards building an e-road for global trade.
The three parties will facilitate cooperation between public and private enterprises in Hangzhou and Malaysia to provide easier access to customs clearance, inspection and permit issuance for SMEs to do cross-border trade.
Dato' Sri Mohd Najib Tun Abdul Razak, the Prime Minister of Malaysia, said at the signing ceremony today that “Fostering closer partnership with China is imperative to sustaining our economic growth, and e-business and commerce is clearly the future of global trade."
Alibaba's cloud computing arm Alibaba Cloud also said it will establish a data center in Malaysia later this year, adding to Alibaba Cloud's 14 data centers worldwide.
According to a previously signed partnership between Alibaba and Malaysian government, the two parties have agreed to establish an e-fulfillment hub near the Kuala Lumpur International Airport, a one-stop online cross-border trading services platform as well as collaboration in e-payment and financing.
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