Alibaba’s to reveal investment roadmap for Thailand
Jack Ma, founder and CEO of China’s e-commerce giant Alibaba Group will visit Thailand in April to announce the company’s investment plan in connection with Thailand’s Eastern Economic Corridor (EEC) initiative, Thai Industry Minister Uttama Savanayana said.
Uttama confirmed that Alibaba will set up a new logistics center, called Smart Digital Hub, in the EEC as part of its Southeast Asia expansion drive. He noted that the logistics center is planned for Chachoengsao, one of three provinces making up the EEC. The center will be a hub for China, Thailand, Laos, Cambodia and Vietnam.
Alibaba has already asked the Industrial Estate Authority of Thailand to find space to build a warehouse for the distribution center, and it wants a location close to the nearest airport in the EEC investment area, the minister said.
Uttama explained that apart from the logistics investment, there were four planned areas of collaboration between Alibaba and Thailand, namely promoting the digital economy for smart small and medium-sized enterprises; supporting farmers to become e-commerce operators; promoting the use of digital technology to help the development of start-ups; and promoting tourism in the country.
Alibaba is seen as a anchor investors in the EEC and could trigger additional investment from other technology companies. Among them, Chinese electronics Huawei Technologies was in talks with the government over a business expansion plan in the EEC, Uttama said.
The EEC, announced in May 2017 and spanning over a total designated land area of more than 13,000 square kilometers across three eastern provinces, Chachoengsao, Chonburi and Rayong, is expected to attract total investment from both public and private sources of at least $43 billion over the next five years.
Jack Ma, founder and CEO of China's e-commerce giant Alibaba Group will visit Thailand in April to announce the company’s investment plan in connection with Thailand's Eastern Economic Corridor (EEC) initiative, Thai Industry Minister Uttama Savanayana said. Uttama confirmed that Alibaba will set up a new logistics center, called Smart Digital Hub, in the EEC as part of its Southeast Asia expansion drive. He noted that the logistics center is planned for Chachoengsao, one of three provinces making up the EEC. The center will be a hub for China, Thailand, Laos, Cambodia and Vietnam. Alibaba has already asked the Industrial...
Jack Ma, founder and CEO of China’s e-commerce giant Alibaba Group will visit Thailand in April to announce the company’s investment plan in connection with Thailand’s Eastern Economic Corridor (EEC) initiative, Thai Industry Minister Uttama Savanayana said.
Uttama confirmed that Alibaba will set up a new logistics center, called Smart Digital Hub, in the EEC as part of its Southeast Asia expansion drive. He noted that the logistics center is planned for Chachoengsao, one of three provinces making up the EEC. The center will be a hub for China, Thailand, Laos, Cambodia and Vietnam.
Alibaba has already asked the Industrial Estate Authority of Thailand to find space to build a warehouse for the distribution center, and it wants a location close to the nearest airport in the EEC investment area, the minister said.
Uttama explained that apart from the logistics investment, there were four planned areas of collaboration between Alibaba and Thailand, namely promoting the digital economy for smart small and medium-sized enterprises; supporting farmers to become e-commerce operators; promoting the use of digital technology to help the development of start-ups; and promoting tourism in the country.
Alibaba is seen as a anchor investors in the EEC and could trigger additional investment from other technology companies. Among them, Chinese electronics Huawei Technologies was in talks with the government over a business expansion plan in the EEC, Uttama said.
The EEC, announced in May 2017 and spanning over a total designated land area of more than 13,000 square kilometers across three eastern provinces, Chachoengsao, Chonburi and Rayong, is expected to attract total investment from both public and private sources of at least $43 billion over the next five years.
