Alibaba signs agreement with Malaysian and Chinese governments to encourage ecommerce and SME growth

Alibaba, MDEC and Hangzhou Municipal Goverment signs MOU

Alibaba, Malaysia’s Digital Economy Corporation (MDEC) and Hangzhou Municipal Government have signed a memorandum of understanding (MOU) to connect e-hubs under the Electronic World Trade Platform (eWTP).

This follow's the launch of Alipay in Singapore, Malaysia, Philippines and Indonesia.

The MOU will have the three parties seek to build infrastructure for seamless cross-border e-commerce trade between Malaysia and China, as well as explore potential strategic collaborations.

All 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.

“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,” said Dato’ Sri Mohd Najib Tun Abdul Razak, prime minister of Malaysia.

“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,” said Jack Ma, executive chairman, Alibaba Group.

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