Alibaba plans trade centre in Thai
E-commerce giant Alibaba Group is still investing in Thailand, planning to set up a regional electronic-trade centre and logistics system here to link Cambodia, Laos, Myanmar and Vietnam markets, Industry Minister Uttama Savanayana said. In response to China’s biggest e-commerce company also setting its foothold in Malaysia, Uttama insisted that the group was still interested in Thailand and expected to finalise its investment plans before the end of this year. He said Alibaba Group planned to use Thailand, whose consumer market is much larger than Malaysia’s, as an e-commerce park – the base for product distribution to CLMV – while its Malaysian unit would concentrate on trade linkages between that country and China.
