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Alibaba inks Malaysian deal
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ALIBABA Group 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 initiated by the e-commerce giant.
The three parties agreed to explore strategic collaboration and building 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 MDECearlier this year, as pilot implementation towards building an e-road for global trade.
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