The initial phase is currently expected to roll out before the end of 2017 by Alibaba, Cainiao, Lazada and Post Malaysia, leading to the planned formal launch by the end of 2019.
Alibaba Cloud, its cloud computing arm, will build a cloud platform in Malaysia to foster the local SMEs, while Ant Financial inked an agreement with Malaysia's leading banks CIMB bank and Maybank to explore collaboration opportunities in e-payment and financing services in Malaysia, with an initial focus on inbound Chinese tourism and promoting trade by Malaysian SMEs.
Daniel Zhang, chief executive of Alibaba Group, said Malaysia is chosen as Alibaba's regional logistics hub for its location as well as the fact that the two sides share the same vision.
"Globalization is Alibaba's long term strategy and today is an important milestone," said Zhang.
Neither Zhang nor Ma gave specific amount of investment that Alibaba plans to make in Malaysia, but Zhang said the group is committed to investing and developing the hub while drawing the long-term plan with the Malaysian side.
【国际英语资讯:Alibaba to set up e-commerce hub in Malaysia】相关文章:
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