[March 22, 2017] |
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Alibaba Turns eWTP Into Reality With Creation of First Overseas E-hub
Alibaba Group announced today the establishment of an e-hub under the
Electronic World Trade Platform (eWTP) initiative together with the
Malaysia Digital Economy Corporation (MDEC), the country's digital
economy development agency, and other parties. This marks a key
milestone in the realization of the eWTP's vision to lower trade
barriers and provide more equitable access to global markets for small
and medium enterprises and young people around the world.
The Prime Minister of Malaysia Dato' Sri Mohd Najib Tun Abdul Razak, and
Alibaba Group's Executive Chairman, Jack Ma, attended the launch
ceremony in Kuala Lumpur and witnessed the exchange of four Memoranda of
Understanding covering a host of areas. These 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 development of e-talent training that will
fit into Malaysia's roadmap of transformation into a digital economy.
Dato' Sri Mohd Najib Tun Abdul Razak, the Prime Minister of Malaysia,
said, "We have set out plans to progress Malaysia's economy and place it
firmly at the centre of the global marketplace. To do this we need to
harness the assets that we have and provide the support for individuals
and businesses to be competitive in the new digital landscape. Alibaba
Group is at the forefront of private sector development of e-commerce
solutions and their ambitions to enable trade, particularly for SMEs,
make them the perfect partner in this new initiative. This is an
exciting development for the country, and to be an early participant in
eWTP will provide a plethora of opportunities for Malaysian
organizations."
Alibaba Group Executive Chairman, Jack Ma said, "I laid out the vision
for eWTP last year, and we as a company have taken on the responsibility
to make this a reality. The first e-hub under the eWTP outside of China
will go a long way towards making global trade more inclusive and
provide much needed support to a hugely important constituent: SMEs and
the younger generation. With innovation throughout the supply chain,
support from governments and important private sector collaborations, we
will achieve our aim of enabling SMEs and young people to thrive and
enjoy in the fruits of the next phase of globalization."
Jack Ma proposed the establishment of digital free trade zones for small
businesses while attending the St. Petersburg International Economic
Forumin Russia last June, suggesting that such special trading areas
can act as ecommerce hubs linking up markets around the world.
As part of Malaysia's DFTZ initiative, the e-hub will provide new
commercial opportunities on the established trade route with the
country. As more trading routes are covered with new hubs that reflect
the needs of the firms participating in the modern economy, a digital
global e-road will be created. Alibaba has already played a key role in
the establishment of the China (Hangzhou) Cross-Border E-Commerce
Comprehensive Pilot Free Trade Area which will be connected to the DFTZ
in Kuala Lumpur.
The eWTP's e-hub concept has been incorporated into Malaysia's DFTZ
which will see the involvement of Alibaba, its subsidiaries and
affiliates such as Lazada and Cainiao Network primarily in four areas:
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E-fulfilment hub: A logistics hub situated in close proximity
to Kuala Lumpur International Airport that will function as a
centralized customs clearance, warehousing and fulfilment facility for
Malaysia and the region, to deliver faster clearance for imports and
exports;
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E-service platform: Connected to Alibaba's OneTouch platform,
it will link Malaysia directly to the e-commerce pilot area in
Hangzhou, China to enable SMEs and businesses to trade conveniently
and efficiently between the two countries;
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E-payment and financing: Relevant parties from both sides will
explore e-payment and financing opportunities with a particular focus
on facilitating B2B trade for Malaysian SMEs;
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E-talent development: The parties will establish training
programs to help incubate startups and develop skillsets in
individuals in support of Malaysia's digital economy development.
As part of its stated national agenda, the Malaysian Government wishes
to create a fulfilment and logistics centre for global marketplaces,
increase internet economy-related innovation and boost inward
investment. This aligns closely with the commitment of the eWTP and
given the strong historical trade ties between China and Malaysia, makes
it a natural match for a DFTZ powered by Alibaba Group.
The MOUs signed today respectively between Alibaba Group and MDEC;
Alibaba's logistic affiliate Cainiao Network and Malaysia Airports
Holdings Berhad (MAHB); and Ant Financial and two of Malaysia's largest
banks CIMB and Maybank, show the power of public-private partnerships
that can provide effective end-to-end solutions. Taken together these
agreements offer a blueprint for expansion of the hub connections as
part of the eWTP in the future.
Among the proposed co-operations, Cainiao and Lazada will lead other
Alibaba's subsidiaries and affiliates to work with MAHB for the
development of a regional e-commerce and logistics hub in the KLIA
Aeropolis as part of the DFTZ. The initial phase is currently expected
to roll out before the end of 2017 by Alibaba, Cainiao, Lazada and Pos
Malaysia, leading to the planned formal launch by the end of 2019.
Alibaba Cloud, the cloud computing arm of Alibaba Group, will also build
a cloud platform in Malaysia to help local SMEs to succeed in the
digital age through technology such as big data and Internet of Things
(IoT). In order to provide support for startups, Alibaba Cloud will
provide the Alibaba Cloud Certified Professional ("ACP") certification
program to train the local talents and support internet-related
ecosystem in Malaysia.
Ant Financial and CIMB and Maybank will explore collaboration
opportunities in e-payment and financing services in Malaysia, with an
initial focus on inbound Chinese tourism and promoting trade by
Malaysian SMEs.
The eWTP initiative was proposed by Jack Ma and 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170321006662/en/
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