A117ME Alibaba Group Holding Ltd. Sponsored ADR

Thailand and Alibaba Group Sign Agreement to Help Thai SMEs Succeed in Online Commerce

Thailand’s Deputy Prime Minister Somkid Jatusripitak and Alibaba Group’s Executive Chairman Jack Ma today witnessed the signing of a Letter of Intent that will see Thailand and Alibaba cooperate on a range of initiatives to develop e-commerce in the country through providing training to SMEs and individuals, and exploring ways to enhance the country’s logistics capabilities to support Thailand 4.0 and Digital Economy strategies.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20161208005584/en/

Thailand's senior government officials, led by Deputy Prime Minister Somkid Jatusripitak, and Alibab ...

Thailand's senior government officials, led by Deputy Prime Minister Somkid Jatusripitak, and Alibaba Group's management team, led by Executive Chairman Jack Ma, attending the signing ceremony of an agreement to help Thai SMEs succeed in e-commerce (Photo: Business Wire)

At the invitation of Alibaba, Somkid Jatusripitak led a delegation comprising senior government officials and representative of the private sector to Alibaba’s headquarters in Hangzhou, China, where Thailand’s Permanent Secretary Wiboonlasana Ruamraksathe and Alibaba Group President Michael Evans signed the agreement.

“This visit to Alibaba represents a continuation of the bilateral talks between the Prime Minister and Mr. Jack Ma,” says Somkid Jatusripitak. “In order to strengthen the competitiveness of Thailand’s SMEs and help them succeed in an increasingly digital era, the Prime Minister has earlier assigned responsibilities to a taskforce made up of government agencies and private enterprises to work with Alibaba in a joint effort to lift the export capabilities of Thai businesses, starting from the grassroots and community level and extending to mid-tier businesses operating locally and SMEs hoping to engage in export trade.”

“The signing of the agreement between the Ministry of Commerce and Alibaba is in line with the government’s policy to drive Thailand forward under the Thailand 4.0 and Digital Economy strategies, and marks a new chapter in our public-private partnership with world-class organizations and leading e-commerce platforms, as well as academic institutions in the future,” he added.

“We are very honored to have this opportunity to work with the Thai government. And I would like to thank the Thai people for their trust, because trust is the basis of any successful partnership,” said Jack Ma at the signing ceremony. “Since the founding of our company 17 years ago, Alibaba’s vision has always been about empowering small businesses and young people, particularly those in developing nations. We want to partner with governments and organizations that share this vision and commitment. By working together and applying technology and innovative ideas, I believe we can make that vision a reality, and magic will happen.”

The agreement covers four key areas, the first of which involves offering e-commerce training to 30,000 Thai SMEs to aid their access to both domestic and international e-commerce platforms. Alibaba and its majority owned e-commerce platform in Southeast Asia, Lazada Group, will help provide the training. They will also share their experience and expertise with the Thai government to help build Thailand’s own National E-Commerce Platform.

Secondly, Thailand and Alibaba will collaborate on the creation of a nationwide People and Talent Development Program, which aims to train around 10,000 individuals so they can be proficient in digital technology. The two sides will also work together to nurture software developers who will be given access to the China market via Alibaba Cloud’s marketplace for their software apps creations. Furthermore, senior government officials will receive training at the Thailand Digital Government Academy, initially on big data and artificial intelligence technologies. Alibaba and Lazada will jointly run a train-the-trainer program to groom e-commerce business coordinators who will in turn help SMEs establish their own online export capabilities.

Thirdly, Alibaba and Lazada will contribute to the development of the country’s supply chain and logistics systems by sharing their experience and expertise with Thailand Post, in a bid to expand the coverage of domestic delivery services to all provinces across Thailand in 2017. Studies on Alibaba’s inventory management systems and international e-commerce fulfillment services will also be undertaken by Thailand Post to gain insight into the establishment of bonded warehouses and fulfilment centers.

Lastly, Alibaba and the Thai government will explore cooperation opportunities under the Eastern Economic Corridor Development project and help establish Thailand as a hub of digital technology and regional data centers in Southeast Asia.

The taskforce in charge of building upon the bilateral talks between Prime Minister Somkid Jatusripitak and Jack Ma is led by various agencies, including the Ministry of Commerce, Ministry of Digital Economy and Society, Ministry of Science and Technology, the Office of Small and Medium Enterprises Promotion, the Small and Medium Enterprise Development Bank of Thailand, the Export-Import Bank of Thailand, the Electronic Government Agency (Public Organization), and Thailand Post Company Limited.

EN
08/12/2016

Underlying

Reports on Alibaba Group Holding Ltd. Sponsored ADR

Greater China Research Team ... (+5)
  • Greater China Research Team
  • Johnny Yum
  • Malaysia Research Team
  • Singapore Research Team
  • Thailand Research Team

Regional Strategy: Alpha Picks – February 2026

Greater China Strategy | Alpha Picks: February Conviction Calls Chinese equities recovered in January, with the HSI and MSCI China rising 6.9% and 5.0% mom respectively. Given the supportive macro policy environment, we maintain a constructive view on the markets despite the risk of further volatility in February. Accordingly, we are adding Alibaba, Ganfeng Lithium, and Minth to our BUY list, and Meituan to our SELL list. Indonesia Strategy | Alpha Picks: From MSCI Shock To Policy-Driven Rebala...

BDMS BANGKOK DUSIT MEDICAL SERVICES PUBLIC CO. LTD.
A117ME ALIBABA GROUP HOLDING LTD. SPONSORED ADR
KTC KRUNGTHAI CARD PCL
00823 LINK REAL ESTATE INVESTMENT TRUST
544 CSE GLOBAL LTD.
C09 CITY DEVELOPMENTS LIMITED
00388 HONG KONG EXCHANGES & CLEARING LTD.
ENRG ENERGI MEGA PERSADA
BN2 VALUETRONICS HOLDINGS
SXC SUNNY OPTICAL TECHNOLOGY (GROUP) CO. LTD.
00285 BYD ELECTRONIC (INTERNATIONAL) CO. LTD.
IVL INDORAMA VENTURES PUBLIC CO. LTD.
JPFA JAPFA COMFEED INDONESIA
ADVANC ADVANCED INFO SERVICE PUBLIC CO. LTD.
5347 TENAGA NASIONAL BHD
BBCA PT BANK CENTRAL ASIA TBK
O39 OVERSEA-CHINESE BANKING CORPORATION LIMITED
M3I MINTH GROUP LIMITED
PTTEP PTT EXPLORATION & PRODUCTION PLC
BN4 KEPPEL CORPORATION LIMITED
002460 GANFENG LITHIUM CO. LTD. CLASS A
PTTGC PTT GLOBAL CHEMICAL PUBLIC COMPANY LTD
TLKM PT TELKOM INDONESIA (PERSERO) TBK CLASS B
000333 MIDEA GROUP CO. LTD. CLASS A
MINT-R MINOR INTERNATIONAL PCL NVDR
SATS SP SATS LTD.
D01 DAIRY FARM INTERNATIONAL HOLDINGS LIMITED
PDD PINDUODUO INC. SPONSORED ADR CLASS A
RHBBANK RHB BANK BHD
VSI V.S. INDUSTRY BERHAD
BURSA BURSA MALAYSIA BHD
CPN-R CENTRAL PATTANA PCL NVDR
RATCH RATCH GROUP PUBLIC CO. LTD.
RSTON RIVERSTONE HOLDINGS LTD
FEH FOOD EMPIRE HOLDINGS LTD
MPM MARCO POLO MARINE LTD
CSSC CHINA SUNSINE CHEMICAL HOLDINGS LTD
09999 NETEASE INC
SCGP SCG PACKAGING PCL
LREIT SP LENDLEASE GLOBAL COMMERCIAL REIT
PXP PLAINS EXPLORATION & PRODUCTION COMPANY
2269 WUXI BIOLOGICS (CAYMAN) INC.
OR PTT OIL AND RETAIL BUSINESS PUBLIC CO LIMITED
06160 BEIGENE LTD.
09888 BAIDU INC
CLAR CAPITALAND ASCENDAS REIT
MDKA MERDEKA COPPER GOLD TBK PT
NCKL PT TRIMEGAH BANGUN PERSADA TBK (HARITA NICKEL)
YINSON YINSON HOLDINGS BHD
IOIPG IOI PROPERTIES GROUP BHD
0303 ALPHA IVF GROUP
LAGENDA LAGENDA PROPERTIES BHD
PEKAT PEKAT GROUP BHD
1523 PLOVER BAY TECHNOLOGIES LTD (1523 HK)
HRUM HARUM ENERGY TBK PT
ASSA IJ ADI SARANA ARMADA TBK PT (ASSA IJ)
ZETRIX MK ZETRIX AI (ZETRIX MK)
ARCI IJ ARCHI INDONESIA (ARCI IJ)
002371 CH NAURA TECHNOLOGY GROUP CO LTD
ASL SP ASL MARINE (ASL SP)
UGAI ULTRAGREEN.AI LIMITED
Greater China Research Team ... (+2)
  • Greater China Research Team
  • Tham Mun Hon

Greater China Strategy Alpha Picks: February Conviction Calls.

Chinese equities recovered in January, with the HSI and MSCI China rising 6.9% and 5.0% mom respectively. Given the supportive macro policy environment, we maintain a constructive view on the markets despite the risk of further volatility in February. Accordingly, we are adding Alibaba, Ganfeng Lithium, and Minth to our BUY list, and Meituan to our SELL list.

Julia Pan Mengyao
  • Julia Pan Mengyao

China Internet. Deeper Dive Into Agentic AI And The Rise Of AI Super A...

To-C applications growth is accelerating among mega-cap players with super apps, while emerging unicorns focus on To- B and To-prosumers in specific AI scenarios/verticals and on physical AI in verticals such as mobility and smartphone. For the next 6-12 months, we are eyeing key AI narratives: a) rollout of super apps leveraging on agentic AI, b) leading LLMs in specific verticals unlocking monetisation potential, and c) key drivers of cloud revenue growth. Maintain OVERWEIGHT. Top BUYs: Baidu,...

Julia Pan Mengyao
  • Julia Pan Mengyao

China Internet: Deeper dive into agentic AI and the rise of AI super a...

Highlights  To-C applications growth is accelerating among mega-cap players with super apps, while emerging unicorns focus on To-B and To-prosumers in specific AI scenarios/verticals and on physical AI in verticals such as mobility and smartphone. For the next 6-12 months, we are eyeing key AI narratives: a) roll-out of super apps leveraging on agentic AI, b) leading LLMs in specific verticals unlocking monetisation potential, and c) key drivers of cloud revenue growth. Over time, we expect fur...

Julia Pan Mengyao ... (+2)
  • Julia Pan Mengyao
  • Ming San Soong

Alibaba Group (9988 HK): 3QFY26 Results Preview: Lukewarm CMR Growth; ...

We expect Alibaba to report lacklustre 3QFY26 results but expect a gradual margin recovery on softer investment in instant delivery competition. We are cautiously optimistic on Alibaba’s core commerce business due to the high base last year and ongoing competition. Nevertheless, we are sanguine on its cloud strategy, which will position the company well to become a technology platform centred on AI + Cloud with long-term strategic value and growth flywheel. Maintain BUY with an unchanged target ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch