 |
 |
 |
 |
 |
 |
 |
 |
 |
 |
 by Staff Writers Kuala Lumpur (AFP) March 22, 2017
Alibaba and Malaysia announced Wednesday that they will set up a logistics and e-commerce hub in the Southeast Asian country to boost small and medium-sized companies, a first for the internet giant outside China. The hub will be located near Kuala Lumpur International Airport as part of a "digital free trade zone" formally launched by Alibaba's founder Jack Ma and Malaysian Prime Minister Najib Razak in the capital. The facility will act as a warehouse and centralised customs clearance for Malaysia and the region, Alibaba said in a statement. Officials refused to divulge investment figures, but an Alibaba spokeswoman said the facility would be operational at the end of 2019. Ma, who in November became the Malaysian government's "digital economy" adviser, said "97 percent of business in Malaysia are small businesses but they control only less than 40 percent" of economic output. "I think 90 percent of small businesses could produce at least 80 percent of the GDP... if we have more small businesses, that means we have more jobs." Najib said at the event with Ma that "the only sector that can give double-digit growth is the digital economy." Alibaba is China's dominant player in online commerce, with its Taobao platform estimated to hold more than 90 percent of the consumer-to-consumer market, while its Tmall platform is believed to have over half of business-to-consumer transactions. The company, often compared to US giants Amazon and eBay, has expanded outside its core e-commerce business, in sectors ranging from sports to entertainment. skc/rc/mtp
Unforeseen impacts of the fair trade movementNewark DE (SPX) Mar 21, 2017 Fair trade certified coffee is the kind of phrase that sounds good on a Whole Foods shelf, the type of marketing that merges first world affluence with third world resource. For the average consumer, it implies fairness in labor and wealth, the idea that small producers profit directly from the products and goods they produce. The reality is far more complex, says Lindsay Naylor, assistant ... read more Related Links Global Trade News
|
|||||||||||||
|
|
| The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |
del.icio.us
Digg
Reddit
Google
