Alibaba has kicked off its grand plan for global trade without frontiers, signing a bilateral deal designed to ease the passage of goods shipped by smaller businesses between China and Malaysia.
The pact, established as a public-private partnership in Malaysia’s digital free trade zone, is focused on infrastructure, including a fulfilment centre and co-operating on electronic payments and financing.
Daniel Zhang, chief executive of the Chinese ecommerce group, said discussions with the Malaysian government were continuing to ensure participants would be granted the best trade terms.
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