Alibaba Cloud Summit | Alibaba Cloud Invests in Supporting Startups & Launches International Innovation Center

Hangzhou, China, June 8, 2021 – Alibaba Cloud

The digital technology and intelligence backbone of Alibaba Group, today launched Project AsiaForward with an initial USD1 billion funding and resources to cultivate a million-strong digital talent pool, empower 100,000 developers and the growth of 100,000 technology startups in Asia Pacific (APAC) over the next three years. Unveiled during the Alibaba Cloud Summit 2021, the Project forms part of the cloud provider’s strategy to invest in infrastructure, technological innovation and talent development to contribute to local economic growth through digital transformation as the trusted cloud leader in APAC.

“Innovative technology is critical to the recovery from COVID-19 while a strong pipeline of talent well versed in digital applications is needed to support the sustainable development of today’s digital economy. We are seeing a strong demand for cloud-native technologies in emerging verticals across the region, from e-commerce and logistics platforms to FinTech and online entertainment,” said Jeff Zhang, President of Alibaba Cloud Intelligence. “As the leading cloud service provider and trusted partner in APAC, we are committed to bettering the region’s cloud ecosystem and enhancingAlibaba Cloud Summit digital infrastructure. Our focus on innovation and data center investments, as well as talent development is in anticipation of a digital-first future.”

In the Philippines, the company is to launch Alibaba Cloud Summit first data center by the end of this year, signaling its continued support for the digitalization of local businesses through a variety of products and services including Elastic Compute Service (ECS), database, global network solution, Content Delivery Network (CDN) and storage services. This investment is the latest in Alibaba Cloud’s growing commitment in the country, focusing on the banking, FinTech, retail, logistics and education sectors, among others.

In Malaysia, Alibaba Cloud Summit to build its first international innovation center. In collaboration with local partner Handsprofit, the company is offering a one-stop innovation enablement platform for Malaysian small- and medium-sized enterprises (SMEs), startups and developers looking to push the technological frontier. Various cloud technology and business leadership trainings will be offered through the platform, as well as the nurturing of Alibaba Cloud Summit an ecosystem for venture capital networking.

For more information, please check the official documentation.

Kuala Lumpur, Malaysia, June 8, 2021 – Alibaba Cloud

Alibaba Cloud Summit digital technology and intelligence backbone of Alibaba Group, today announced that it is to launch an Alibaba Cloud Innovation Center in Kuala Lumpur, Malaysia to provide a conducive environment for startups to grow in Malaysia and beyond. The cloud leader will work with Malaysian local partner Handsprofit to bring local expertise to the innovation center, ensuring its smooth operation with strong local connections. Alibaba Cloud Summit company also hopes to train 30,000 local professionals in the coming fiscal year in Malaysia to strengthen its local talent development commitment.

As the first international innovation center located outside of China, the launch is in line with Alibaba Cloud’s long-term commitment to nurture digital talents and contribute to local business development in Asia Pacific. Besides launching the innovation center in Malaysia, Alibaba Cloud will also invest USD 1 billion (RM 4.145bil) in funding and resources within the next three years as part of its Project AsiaForward, which aims to foster one million digital talents, empower 100,000 developers and accelerate the growth of 100,000 tech startups across Southeast Asia and Hong Kong.

“Alibaba Cloud Summit is committed to investing into Malaysia’s digital future. And opening our first ever international innovation center in Malaysia, is a testament to our longstanding commitment to the country,” said Selina Yuan, General Manager, International Business Unit, Alibaba Cloud Intelligence. “With the innovation center, we hope to help businesses in Malaysia to not only survive and thrive during the pandemic, but also provide a conducive environment to nurture local talents, preparing them to embrace the digital future.”

Alibaba Cloud Summit Startups in FinTech, banking, Internet, retail, and IT service industries can benefit the most from the upcoming innovation center. Besides receiving technology and business trainings, members joining the innovation center will also have the chance to interact with experienced entrepreneurs and industry experts, who can serve as mentors to guide startups or introduce them to venture capitals. In order to facilitate startups’ business expansion, Alibaba Cloud Summit also offers subsidised office space, co-branding and networking opportunities, in addition to cross border business opportunities between Malaysia and China, through its China Gateway Program.

For more information, please check the official documentation.

Related Articles

Explore More Special Offers

  1. Short Message Service(SMS) & Mail Service

    50,000 email package starts as low as USD 1.99, 120 short messages start at only USD 1.00

phone Contact Us