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Alibaba Eyes Thailand For Trade Center & Emtek Group

The Chinese ecommerce giant is planning to set up a regional electronic-trade centre and logistics system in Bangkok to link Cambodia, Laos, Myanmar and Vietnam (CLMV) markets.

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The Chinese ecommerce giant is planning to set up a regional electronic-trade centre and logistics system here to link Cambodia, Laos, Myanmar and Vietnam (CLMV) markets.

1. Alibaba eyes Thailand for trade center launch

 

Alibaba Group planned to use Thailand as an ecommerce park – the base for product distribution to CLMV.

Alibaba Group, which is considering whether to set up its offices and warehouses in the EEC or at Suvarnabhumi Airport, has been encouraged to locate in the ECC, as its transportation facilities will be good after the expansion of U-tapao International Airport in Rayong province.

Read the rest of the story here.

2. Alibaba reportedly in partnership talks with Indonesia’s Emtek Group

Chinese internet giant Alibaba is reported to be in talks for setting up a joint venture with Indonesian media and tech mogul Emtek Group.

The partnership may open doors for Alibaba’s investment in Indonesian ecommerce platform Bukalapak, which Emtek holds a significant share in.

Emtek Group’s subsidiary PT Kreatif Media Karya also owns the license to develop the Blackberry Messenger (BBM) app, which remains one of the most popular messenger platforms in the Indonesian market.

Read the rest of the story here.

3. Singapore stock exchange inks partnership with P2P lending company

The agreement that can be considered unique to our modern economy is an MOU signed with Crowdo, a regional lending platform with P2P and equity crowdfunding options.  The company has two separate branches in Malaysia and Indonesia.

From the perspective of SGX, the motivation for these agreements is to build an infrastructure to educate companies on ways they can access capital.

Read the rest of the story here.
Original content by ecommerceIQ

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China

RCEP and China: Reimagining the future of trade in Asia

The Regional Comprehensive Economic Partnership (RCEP) could eventually usher in an era of much deeper regional integration: for corporates doing business in the region, their future success may well hinge on how adeptly they manage to navigate the evolution of Asia’s trade landscape under the RCEP.

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Last month, 15 countries in the Asia-Pacific region – including the 10 member states of the Association of Southeast Asian Nations (ASEAN) as well as China, Australia, Japan, New Zealand, and South Korea – signed the landmark Regional Comprehensive Economic Partnership (RCEP) on the final day of the 37th ASEAN Summit.

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Thailand ready to ink big Chinese-backed trade deal

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Thailand is set to sign the world’s biggest free trade agreement with Japan, China, South Korea and 12 other Asia-Pacific countries at the 37th Asean Summit this week.

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Great Wall Motor (China) takes over GM factory in Thailand

The Thai production hub will become operational in the first quarter of 2021 with automobile production capacity of 80,000 units per annum.

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Chinese carmaker Great Wall Motor (GWM) hosted a ceremony on November 2nd to celebrate the latest milestone in taking full ownership of Rayong Manufacturing Facility in Thailand.

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