Alibaba Group on Thursday signed an agreement with the government of Thailand to build a smart digital trading hub in the country, while also working to develop its capabilities in e-commerce, digital logistics, tourism and training.
In the wide-ranging agreement, Alibaba said it would work with Thailand on everything from boosting efficiencies in trade to educating Thai entrepreneurs and SMEs in digital commerce. The partnership will give Thailand access to technologies and processes that can help advance its economy, while Alibaba gains a stronger foothold in an important market in Southeast Asia.
The new “Smart Digital Hub,” which will be located in Thailand’s all-important Eastern Economic Corridor, will leverage technologies from Alibaba and its logistics platform, Cainiao Network, to streamline trade between Thailand and China and other markets, including digitizing the customs process. The EEC is a key part of government program, called “Thailand 4.0,” which is working to expand the economy beyond heavy industry and agriculture to technology and other innovations. The Smart Digital Hub is being described as a part of that effort.
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