A London Based Digital Publication Covering Diplomatic & Business Activities Globally

Monday, July 15, 2024

Alibaba opens electronic trading hub in Malaysia

Alibaba opens electronic trading hub in Malaysia
Alibaba opens electronic trading hub in Malaysia

(Kuala Lumpur) – Alibaba launched an electronic trading hub in Malaysia aimed at helping small- and medium-sized businesses, a first for the Chinese internet giant outside its home country.

The hub, part of a “digital free trade zone” near Kuala Lumpur International Airport, went live during a ceremony attended by Alibaba founder Jack Ma and Malaysian Prime Minister Najib Razak.

It was the latest move by Alibaba into Southeast Asia, one of the world’s hottest e-commerce battlegrounds. The company has already built up a substantial stake in regional online retailer Lazada.

The trading hub offers Malaysian businesses help in areas including e-commerce, logistics and cloud computing, as well as in exporting their goods.

The broader digital free trade zone, spearheaded by a Malaysian government agency, aims to help local firms sell their products more easily globally, and to make Malaysia the gateway for products entering Southeast Asia from outside the region.

The ground-breaking on a regional e-commerce logistics hub, to be developed by Malaysia’s main airport operator and Alibaba’s logistics affiliate, also took place.

Small and medium-sized enterprises “have the power to transform the economy. They are ambitious, nimble and have the potential to create high value employment”, Najib was cited as saying by state-run news agency Bernama.

Ma last year became the Malaysian government’s “digital economy” adviser.

Alibaba is China’s dominant player in online commerce, with its Taobao platform holds the vast majority of the consumer-to-consumer market.

The company, often compared to US giants Amazon and eBay, has expanded outside its core e-commerce business, in sectors ranging from sports to entertainment.

Latest Posts

Latest Posts

Stay in touch

To be updated with all the latest news, offers and special announcements.


CG Dilovar Bahromzoda meets Director General GDRFA

His Excellency Dilovar Bahromzoda, the Consul General of the...

Foreign Minister Sheikh Abdullah Bin Zayed Appointed Deputy PM

HH Sheikh Abdullah Bin Zayed Appointed as Deputy Prime...

HH Sheikh Hamdan Appointed Deputy PM & Minister of Defence

His Highness Sheikh Mohammed Bin Rashid Al Maktoum, the...

Princess of Wales warmly welcomed at Wimbledon

The Princess of Wales received a standing ovation as...

HM King of Thailand Receives Grand Imam of Al Azhar

Thailand’s King Maha Vajiralongkorn and Queen Suthida welcomed Prof....

Dr Thani Al Zeyoudi Meets Japanese Minister

H.E. Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister...

Emir of Qatar Meets Polish President

Amir of Qatar Sheikh Tamim bin Hamad Al Thani...

Sultan of Oman Congratulates UK Prime Minister

Sultan Haitham Bin Tarik has sent heartfelt congratulations to...

UAE Foreign Ministers Envoy visits Turkey

Sultan Al Mansoori, UAE Envoy of the Minister of...