KUALA LUMPUR: Chinese e-commerce giant Alibaba Group Holding Limited plans to set up a regional distribution hub in Malaysia to cater to its fast-growing business in the region, two sources aware of the discussions said. Alibaba executive chairman Jack Ma and Malaysian Prime Minister Najib Razak are expected to announce the plans at an event in Kuala Lumpur next week, the sources said. The hub will be set up with the help of Malaysian state-linked agencies. Sources said the distribution hub would be part of Malaysia's Digital Free Trade Zone (DFTZ), also slated to be launched during Ma's visit next week. "KLIA Aeropolis includes many components and the DFTZ is likely a new component to be added into the development," one source said.

Source: New Strait Times March 18, 2017 04:18 UTC