Alibaba to open 'e-hub' in Malaysia

China’s e-commerce giant Alibaba Group CEO is on track to open an ‘e-hub’ close to Kuala Lumpur International Airport as part of the company’s plan to establish an electronic world trade platform, its CEO Daniel Zhang said today. The facility in the KLIA Aeropolis zone would “function as a centralised customs clearance, warehousing, and fulfilment facility for Malaysia and the region,” and was “not only an e-hub for Malaysia but for the entire region,” he told guests at a launch ceremony in the Malaysian capital that was also attended by Alibaba chairman Jack Ma and Malaysia’s Prime Minister Najib Razak.
Liu Xin/GTThe hub, which is being set up in collaboration with the Malaysia Digital Economy Cooperation (MDEC) agency and whose first phase is scheduled to be operational by the end of 2019, will be linked into an electronic platform that will enable users in Malaysia to trade with Alibaba’s existing e-hub in Hangzhou.
While insisting that the hub was “purely business driven”, Zhang added that it was also in line with Beijing’s One Belt One Road dream of creating a China-centric Eurasian trading network. Agreements signed between Alibaba affiliates and Malaysian state agencies on Wednesday will also develop e-payment and financing opportunities for Malaysian small businesses, he said.
His chairman confirmed that he was also discussing the establishment of a third hub ‘very actively’ in another location, but did not provide further details.

Source: scmp