1,500 SMEs in Malaysia to be selected for listing on Alibaba.com

International Trade and Industry Minister Datuk Seri Mustapa Mohamed has revealed that a total of 1,500 small and medium enterprises (SMEs) will be selected to be listed on Alibaba.com e-commerce platform by year-end.

According to Bernama, Mohamed said selection on the eligibility will be carried out throughout the country from 1 October 2017- conducted by SME Corp Malaysia, the Malaysia Digital Economy Corp and the Malaysia External Trade Development Corp.

Alibaba.com listing will use the Digital Free Trade Zone (DFTZ) as its marketing platform, Mohamed told reporters after launching the national-level SME Week 2017 in Kuala Terengganu on Thursday. The DFTZ was established by Alibaba and Malaysia Digital Economy Corporation (MDEC) in March this year, as pilot implementation towards building an e-road for global trade.

“We are confident that Alibaba’s investment will be a catalyst to boost the performance of the SMEs in order to penetrate foreign markets,” he said, adding the government is in the final stages of drafting a bill to empower and develop SMEs more systematically, especially in data collection.

"Data collection is important. We’re giving emphasis on the effort through the Department of Statistics in order to get enough data,” said Mohamed, who also launched the SME Mobile Hub that serves as a one-stop centre to assist the public in dealing with SME Corp.

This follows the recent signing of a memorandum of understanding (MOU) with the MDEC and the Hangzhou Municipal Government to connect the first e-hubs in the two countries under the Electronic World Trade Platform. Under the MOU, the parties will explore linkages between the China (Hangzhou) Cross-Border E-Commerce Comprehensive Pilot Zone and the DFTZ in Malaysia.