Alibaba plans digital hub

CHINESE e-commerce giant Alibaba yesterday announced a plan to set up an e-commerce hub in Malaysia encompassing logistics, cloud-computing and e-financial services. The hub will be part of the collaboration between Alibaba and the Malaysian government in the development of a digital free-trade zone in Malaysia in line with the Electronic World Trade Platform promoted by Jack Ma, Alibaba’s executive chairman. Among the co-operation announced yesterday, Alibaba’s logistics platform, Cainiao, and its e-commerce website, Lazada, will lead Alibaba’s other subsidiaries and affiliates in the development of a regional e-commerce and logistics hub near Kuala Lumpur International Airport. Alibaba Cloud will build a cloudcomputing platform to foster small and medium enterprises in Malaysia.

EGYPT