Digital free trade zone deal paves way for KL to be Alibaba's regional distribution hub
Kuala Lumpur
MALAYSIA appears set to be the future regional distribution hub for China's e-commerce giant Alibaba Group following a planned collaboration to establish a Digital Free Trade Zone (DFTZ) whose main component will be an e-fulfilment hub at the KLIA Aeropolis in Sepang.
Alibaba's logistics affiliate Cainiao and online retail unit Lazada will work with Malaysia Airports Holdings Bhd to develop the e-hub on an initial 20 acres (eight hectares) at Aeropolis centred on the key clusters of air cargo and logistics, aerospace and aviation. Another 19 acres would be set aside for future expansion.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons
BOE reports record usage of short-term liquidity repo
Philippines central bank not seeing rate hike despite peso weakness: finmin