Alibaba opens its first Electronic World Trade Platform in Malaysia to help SMEs

Alibaba opens its first Electronic World Trade Platform in Malaysia to help SME's

Alibaba Group has announced the opening of its first Electronic World Trade Platform (eWTP) hub outside China in Malaysia to offer SMEs the infrastructure for doing commerce with services encompassing e-commerce, logistics, cloud computing, mobile payment and talent training.

This follows Alibaba's partnership with Malaysian Digital Economy Corporation (MDEC) this year to enable Malaysian small and medium-sized enterprises to benefit from global trade. Alibaba also launched Alipay in Singapore, Malaysia, Indonesia and Phillipines.

Alibaba Cloud opened a local data centre in Malaysia last week to support Malaysian SMEs with cloud computing needs. Other initiatives under eWTP include rolling out of Malaysia Pavilion on Alibaba.com to help promote quality Malaysian products to global buyers.

Jack Ma, executive chairman of the Alibaba Group said: “I’m truly amazed by the resolve and commitment of the Malaysian government to remove all the barriers in just under a year to make this day possible. Today we are witnessing a historic moment in Asia where one country has begun to use technology to enable its SMEs and young people to become more competitive on the world stage."

"As the eWTP hub in DFTZ commences operation, they will have the opportunity to global buy, global sell, global pay, global delivery and global travel. This is an opportunity for not just the small businesses and young people in Malaysia but across Asia.”

Prime Minister Dato’ Sri Najib Tun Razak said: “With the launch today and our early participation with eWTP, Malaysia is progressing its economic transformation vision and taking a step towards becoming the leading sourcing and fulfilment hub in Asia."

"Collaborating with Alibaba to develop the infrastructure freely available to SMEs in the DFTZ, we have fundamentally improved the competitiveness of Malaysian firms on the global stage which will boost exports and bring wide reaching economic benefits to society.”

Taruka Srivastav

I march to the Indian beat of The Drum.

All by Taruka