Alibaba signs MoU with government in Malaysia and Hangzhou

Hangzhou, 12th May: Earlier this month, Alibaba Group, the leading e-commerce company in China, announced it had signed a memorandum of understanding (MoU) with the Malaysia Digital Economy Corporation (MDEC), Malaysia’s digital economy development agency, and the Hangzhou Municipal Government. The three parties will connect the first e-hubs in the two countries under the Electronic World Trade Platform (eWTP).

As part of the MoU, the three parties will join forces to explore linkage between the China (Hangzhou) Cross-Border E-Commerce Comprehensive Pilot Zone and the Digital Free Trade Zone (DFTZ) in Malaysia. The China (Hangzhou) Cross-Border E-Commerce Comprehensive Pilot Zone is the first domestic e-hub, while the DFTZ was established by Alibaba and MDEC in March 2017. Together, they will facilitate cooperation between public and private enterprises in Hangzhou and Malaysia by leveraging Alibaba’s Internet and data technologies.

Separately, Alibaba Cloud, the Alibaba Group’s cloud computing arm, announced plans to establish a data center in Malaysia later this year. This will be the first global public cloud platform in Malaysia.

Alibaba Cloud will also build a cloud platform in Malaysia to help local SMEs to succeed in the digital marketplace by providing supporting technology and training. Alibaba Cloud Certified Professional (ACP) certification program will be provided to train local technology talent and support the Internet-related ecosystem in Malaysia.

Sources: Alibaba Group press release [1], Alibaba Group press release [2]