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Jack Ma opens Alibaba e-fulfilment hub at Kuala Lumpur airport
CHINESE e-commerce giant Alibaba has opened the world's second Digital Free Trade Zone (DFTZ) at Kuala Lumpur International Airport's Aeropolis centre.
The facility promises to boost the fortunes of more than 1,900 export-ready Malaysian small and medium enterprises (SME), reports Kuala Lumpur's Digital News Asia.
In total, the DFTZ is expected to increase SMEs goods export to US$38 billion as well as create over 60,000 jobs and support $65 billion worth of goods moving through the DFTZ by 2025.
It is built on the site of the former Low Cost Carrier Terminal (LCCT) and will be Alibaba's first "fulfilment hub" outside China that will connect Malaysia with other upcoming regional hubs in other continents.
With the vision to lower trade barriers and provide more equitable access to markets for SMEs around the world, Alibaba Group executive chairman Jack Ma's vision of the private sector working with government is coming true, said the report.
"It's truly amazing, the resolve and commitment of the Malaysian government to remove all the barriers in just under a year to make this day possible," Mr Ma said.
"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."
The DFTZ is seen by the Malaysian government to be a key driver of its digital economy as it seeks to facilitate seamless cross-border trade while enabling local SMEs to export their goods to the international market.
Also, Alibaba Cloud, the cloud computing arm of the Alibaba Group opened its local data centre in Malaysia the previous week.
The public cloud platform is said to provide Malaysian enterprises with the choice to build their businesses and run their applications on a powerful, reliable and secure cloud platform.
The facility promises to boost the fortunes of more than 1,900 export-ready Malaysian small and medium enterprises (SME), reports Kuala Lumpur's Digital News Asia.
In total, the DFTZ is expected to increase SMEs goods export to US$38 billion as well as create over 60,000 jobs and support $65 billion worth of goods moving through the DFTZ by 2025.
It is built on the site of the former Low Cost Carrier Terminal (LCCT) and will be Alibaba's first "fulfilment hub" outside China that will connect Malaysia with other upcoming regional hubs in other continents.
With the vision to lower trade barriers and provide more equitable access to markets for SMEs around the world, Alibaba Group executive chairman Jack Ma's vision of the private sector working with government is coming true, said the report.
"It's truly amazing, the resolve and commitment of the Malaysian government to remove all the barriers in just under a year to make this day possible," Mr Ma said.
"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."
The DFTZ is seen by the Malaysian government to be a key driver of its digital economy as it seeks to facilitate seamless cross-border trade while enabling local SMEs to export their goods to the international market.
Also, Alibaba Cloud, the cloud computing arm of the Alibaba Group opened its local data centre in Malaysia the previous week.
The public cloud platform is said to provide Malaysian enterprises with the choice to build their businesses and run their applications on a powerful, reliable and secure cloud platform.
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