February 12th, 2018

Alibaba platform receives registration from 2,000 SMEs

More than 2,000 SMEs have registered with the Alibaba group platform under the the Digital Free Trade Zone initiative.

International Trade and Industry Minister Datuk Seri Mustapa Mohamed said it is targeting for 10,000 SMEs to be on the platform by this year.

At the Malaysia Digital Economy Forum here this morning, he said Malaysia’s digital economy has seen exponential growth.

To date, 58,824 online businesses have registered with the Companies Commission of Malaysia. The digital economy accounted for 18.2% of the country’s gross domestic product (GDP) in 2016.

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