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Jack Ma chooses Malaysia over Singapore as E-Hub of ASEAN
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Jack Ma praised Malaysia’s efficiency over their setting up of a Digital Free Trade Zone (DFTZ):
“Malaysia is very business-friendly and much more efficient than I thought. It took only 10 minutes for him and Prime Minister Datuk Seri Najib Tun Razak to agree on introducing the DFTZ when they met in China in November last year. My team and I thought – is four months possible? We have been discussing it with many European and ASEAN countries.”
The new centralised customs clearance, warehousing and fulfilment facilitywill be completed by the end of 2019 and operate from Kuala Lumpur International Airport’s Aeropolis. According to Reuters, the multi-billion dollar hub will deliver at least S$2.24 billion (RM7 billion) in foreign and domestic investments each year.
Malaysia Prime Minister Najib Razak also appointed Jack Ma as the country’s digital economy advisor – dealing yet the biggest blow to Singapore’s recent push for a Smart Nation initiative.
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