Alibaba plans regional hub in Malaysia
- 18 Mar 2017 at 14:05
Delegates visit an Alibaba Group booth at the third annual World Internet Conference in Jiaxing in China's Zhejiang province in November last year. (Reuters Photo)
KUALA LUMPUR - The Chinese e-commerce giant Alibaba plans to set up a regional distribution hub in Malaysia to cater to its fast-growing business in the region, say two sources aware of the discussions.
The hub would be located within KLIA Aeropolis, a 24,700-acre development led by the airport operator Malaysia Airports Holdings Bhd (MAHB) that is expected to generate 7 billion ringgit (US$1.58 billion) worth of domestic and foreign investments.
Alibaba executive chairman Jack Ma and Malaysian Prime Minister Najib Razak are expected to announce the plans at an event in Kuala Lumpur this coming week, the sources said.
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