May 16, Hangzhou – Alibaba Group has signed a memorandum of understanding (MOU) with the Malaysia Digital Economy Corporation (MDEC) and the Hangzhou Municipal Government to connect the first e-hubs in the two countries under the Electronic World Trade Platform (eWTP). Under the MOU, the parties will join forces to explore linkages between the China (Hangzhou) Cross-Border E-Commerce Comprehensive Pilot Zone – which Alibaba helped establish – and the DFTZ in Malaysia. The DFTZ was established by Alibaba and MDEC in March this year, as pilot implementation towards building an e-road for global trade. The agreement also seeks to enable the building of infrastructure for seamless cross-border e-commerce trade between Malaysia and China, along with exploring potential strategic collaborations. By leveraging Alibaba’s internet and data technologies, the 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.
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