Malaysia listed as a priority market in Alibaba’s Tmall World
Alibaba Group, China’s largest e-commerce company, recently launched Tmall World, its latest globalisation strategy to connect 100 million overseas Chinese, worldwide. 1.2 billion products from brands and merchants are offered through Mobile Taobao app and online platforms. Singapore and Malaysia have been included in the priority markets to offer Tmall World because of their sizeable Chinese population. In order to help merchants and brands on Alibaba’s platforms to seamlessly extend to the global Chinese market, Alibaba would provide end-to-end solutions including logistics, payment, and localisation support catering to the needs of each local market. Tmall’s mid-year mega sale will kick off from June 18-20, 2017 and would offer discounts totalling 10 billion Chinese renminbi to mainland China and overseas customers.
Wholesale, Retail Trade Sales Value Up 9.6 Pct In April 2017
The sales value of wholesale and retail trade in April 2017 grew by 9.6 per cent to RM92.8 billion compared to the same month last year. The Department of Statistics said the sales value consisted of wholesale trade (+8.6 per cent to RM45.2 billion), retail trade (+12.9 per cent to RM36.3 billion) and motor vehicles (+4.0 per cent to RM11.4 billion). However, month-on-month, sales value of the wholesale trade business decreased 3.8 per cent compared to the previous month, retail trade went down 3.6 per cent and motor vehicles eased 11.8 per cent.
China, Malaysians top tourist arrivals in Thailand
International tourist arrivals in Thailand rose 4.6 percent in May from a year earlier, with revenues up 6.9 percent, but the Tourism and Sports Ministry said a strong baht could impact the lucrative industry. The number of foreign tourists stood at 2.59 million in May, led by visitors from China, Malaysia, India, Russia and the United States, generating revenue of 125 billion baht ($3.67 billion). Tourism accounts for 12 percent of Thailand’s economy.