Fu­ture bright for SE Asian e-com­merce

China Daily (USA) - - BUSINESS - By ZHOUMOin Nan­ning sally@chi­nadai­lyhk.com

Chi­nese com­pa­nies are ac­tively tap­ping into ASEAN mar­kets to em­brace op­por­tu­ni­ties brought by the rapid growth of e-com­merce business in the re­gion.

AliCloud, a sub­sidiary of e-com­merce gi­ant Alibaba Group Hold­ing Ltd, has built data cen­ters in Sin­ga­pore to of­fer com­put­ing ser­vices to small and medium-sized en­ter­prises in the re­gion. It is also go­ing to co­op­er­ate with Thai­land in this re­spect to help the coun­try’s SMEs grow.

“Right now, China is ac­tively pro­mot­ing the mo­bile in­ter­net, the in­ter­net of things and big data. We hope our tech­nol­ogy not only ben­e­fits Chi­nese en­ter­prises, but can also be ex­ported to ASEAN coun­tries,” said Hu Xiaom­ing, pres­i­dent of AliCloud.

“We will con­tinue to ex­pand our in­vest­ment in mem­bers of the As­so­ci­a­tion of South­east Asian Na­tions and of­fer our ca­pa­bil­i­ties in fi­nance, cloud com­put­ing, big data and in­ter­net se­cu­rity through the plat­form of the China-ASEAN In­for­ma­tion Har­bor, to pro­mote the de­vel­op­ment of SMEs in the re­gion.”

CAIH, con­struc­tion of which wa­sof­fi­cially ap­proved in April by the State Coun­cil, China’s cab­i­net, is an ini­tia­tive aimed at strength­en­ing in­ter­net con­nec­tiv­ity and in­for­ma­tion shar­ing be­tween China and ASEAN to pro­mote bi­lat­eral trade and in­vest­ment.

Ac­cord­ing to a re­port re­leased by the China Academy of Telecom­mu­ni­ca­tion Re­search, e-com­merce business in ASEAN coun­tries has been grow­ing rapidly in re­cent years. HuXiaom­ing,

To­tal online business in the re­gion reached $5.5 bil­lion last year and is ex­pected to ex­pand to $88 bil­lion by 2025, with a com­poun­dan­nual growth rate of 32 per­cent, the re­port said.

But com­pared with other economies, it is still at a low level. Only 16 per­cent of peo­ple in the six ma­jor ASEAN economies shop online, with trade ac­count­ing for less than 1 per­cent of the world’s to­tal. An in­com­plete pay­ment sys­tem is one of the ob­sta­cles to its de­vel­op­ment, said the re­port.

Peng Yi­jie, vice-pres­i­dent of Ant Fi­nan­cial Group, Alibaba’s fi­nan­cial arm which op­er­ates the mo­bile pay­ment sys­tem Ali­pay, said it is ex­actly the un­der­de­vel­oped fi­nan­cial in­fra­struc­ture in ASEAN coun­tries that pro­vides big op­por­tu­ni­ties for the­com­pany to ex­plore in the re­gion.

“We want to bring our tech­nol­ogy, ex­pe­ri­ence and skills to the mar­kets in Thai­land, In­done­sia and the Laos,” Peng said.

Ant Fi­nan­cial has launched a plat­form this year, al­low­ing SMEs in ASEAN coun­tries to display their in­for­ma­tion in Chi­nese to mil­lions of Ali­pay users around the world.

China is ac­tively pro­mot­ing the mo­bile in­ter­net, the in­ter­net of things and big data.” pres­i­dent of AliCloud

XIN­HUA

A Viet­namese artist plays folk mu­sic at the China-ASEAN Ex­po­si­tion held in Nan­ning, cap­i­tal of Guangxi Zhuang au­tonomous re­gion.

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