CORRECTING & REPLACING Alibaba Signs MoU With Malaysia’s MDEC & Hangzhou Municipal Government to Facilitate Global Trade fo...
May 12 2017 - 6:33AM
Business Wire
Hangzhou’s Cross-Border E-Commerce Pilot Zone to connect with
Malaysia’s DFTZ leveraging Alibaba’s ecosystem to form a digital
gateway to global success for businesses
Headline of release should read: Alibaba Signs
MoU With Malaysia’s MDEC and Hangzhou Municipal Government to
Facilitate Global Trade for SMEs Under eWTP (instead of Alibaba
Signs MoU With Malaysia’s MEDC and Hangzhou Municipal Government to
Facilitate Global Trade for SMEs Under eWTP)
The corrected release reads:
ALIBABA SIGNS MOU WITH MALAYSIA’S MDEC AND
HANGZHOU MUNICIPAL GOVERNMENT TO FACILITATE GLOBAL TRADE FOR SMES
UNDER EWTP
Hangzhou’s Cross-Border E-Commerce Pilot Zone to connect with
Malaysia’s DFTZ leveraging Alibaba’s ecosystem to form a digital
gateway to global success for businesses
Alibaba Group Holding Limited announced today the signing of 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), taking Alibaba Group’s vision of facilitating global trade
for SMEs around the world one step closer to reality.
The Prime Minister of Malaysia, Dato’ Sri Mohd Najib Tun Abdul
Razak, Secretary of Communist Party of China’s Zhejiang Provincial
Committee, Che Jun, and Alibaba Group’s Executive Chairman, Jack
Ma, witnessed the signing of the triparty memorandum of
understanding (MOU) in Hangzhou today that aims to connect China
(Hangzhou) Comprehensive E-Commerce Pilot Zone with Malaysia’s
Digital Free Trade Zone (DFTZ).
The MOU seeks to enable the building of infrastructure for
seamless cross-border e-commerce trade between Malaysia and China.
The three parties agree to work together to explore potential
strategic collaborations, consistent with Alibaba’s vision of
eWTP.
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 in March this year, as pilot implementation
towards building an e-road for global trade. By leveraging
Alibaba’s internet and data technologies, the 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: “Fostering closer partnership with China is
imperative to sustaining our economic growth, and e-business and
commerce is clearly the future of global trade. It is therefore
exciting to witness the forming of a partnership between government
and reputable private enterprises, who will work together to lay
the foundation for a more efficient conduct of cross-border trade
in the Internet age, to the benefit of all.”
Jack Ma, Alibaba Group’s Executive Chairman, said: “E-commerce
is becoming increasingly globalized and it is transforming the way
commerce is conducted. With the creation of eWTP, we and partners
will build the infrastructure to empower SMEs and young
entrepreneurs to succeed in this era of data technology. Today’s
announcement has opened up a gateway to global success for small
businesses in the two countries. It is our hope that more and more
countries and SMEs around the world will benefit from a more level
playing field.”
In March this year, Alibaba Group established the first overseas
e-hub under eWTP with MDEC. The agreed initiatives include the
establishment of an e-fulfilment hub near the Kuala Lumpur
International Airport, a one-stop online cross-border trading
services platform, cooperation in e-payment and financing, and the
development of e-talent training that will support Malaysia’s
planned transformation into a digital economy.
Alibaba has made progresses on multiple fronts since then.
Alibaba Cloud, the cloud computing arm of Alibaba Group, will take
part in the Malaysia Multimedia Super Corridor initiatives, with a
planned data center in Malaysia later this year and certification
program for local tech talents, in order to help local SMEs to
succeed in the digital age through technology such as big data and
Internet of Things (IoT).
Alibaba’s B2B business has launched its Malaysian SME onboarding
and external trade promotion program, as well as working with local
universities to offer e-commerce training to SMEs. The Group’s B2C
business is also committed to helping manufacturers and merchants
in Malaysia to sell their products globally.
Ant Financial expands the partnership to six local banks and
financial institutions in providing e-payment, with an initial
focus on inbound Chinese tourism and promoting trade by Malaysian
SMEs.
Cainiao, Alibaba’s logistics affiliate, Lazada, Alibaba’s
e-commerce arm in Southeast Asia, and Pos Malaysia will work
together to set up an e-commerce regional distribution center,
which is expected to come into operation later this year.
Alibaba and its various business units have also entered into
collaboration with local educational institutions to offer
e-commerce training to develop skillsets in SMEs and individuals in
support of Malaysia’s digital economy development.
The eWTP initiative was accepted as a major policy
recommendation of the Business 20 (B20) and officially included in
the 2016 G20 Leaders’ Communique. It seeks to remove barriers to
trade for smaller firms and emerging nations, supporting them in
realizing their full economic potential and ensuring that they can
also enjoy the benefits of global commerce. eWTP seeks to
fundamentally change international trade through cost reductions,
shortened supply chains and increased efficiencies, complementing
the work of the WTO.
About Alibaba Group
Alibaba Group’s mission is to make it easy to do business
anywhere. The company aims to build the future infrastructure of
commerce. It envisions that its customers will meet, work and live
at Alibaba, and that it will be a company that lasts at least 102
years.
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version on businesswire.com: http://www.businesswire.com/news/home/20170512005159/en/
Alibaba GroupRico Ngai, +852 9725
9600rico.ngai@alibaba-inc.comorCathy Yan, +852 9012
5806cathy.yan@alibaba-inc.com
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