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Business
JD.com inks MoUs with Thai government to boost cross-border trade
CKN
2018/12/18 07:06:53
2,058
China's News, China's Financial News, JD.com

Dec 18, 2018 (China Knowledge) - Chairman of Central JD Commerce, Yol Phokasub, has signed three memorandums of understanding (MoUs) with three Thai government agencies; which include, the International Trade Promotion Department (ITPD), the Ministry of Digital Economy Promotion Agency, and the University of the Thai Chamber of Commerce (UTCC).

The MoUs, which involve both JD Central and JD.com; are intended to give a push to the government’s Thailand 4.0 policy and the country’s effort to become a major e-commerce hub in ASEAN.

JD Central is an e-commerce joint venture between the biggest retail conglomerate in Thailand, Central Group, and JD.com <JD:NASDAQ>.

Richard Liu, CEO of JD.com expressed his optimism about the economic development of Thailand. He believes that the country can act as a platform for JD.com to expand its footprint in Southeast Asia, due to the well-established logistic network and the development achieved by the country in e-commerce and fintech services.

Through this strategic cooperation ITPD seeks to facilitate and promote cross-border e-trade, thus enhancing the competitiveness of small and medium-sized enterprises (SMEs) of the country.

Besides that, the partnership will provide Thai business a platform to expand globally as well as trade with China. Businesses can enjoy specialized training on cross-border e-commerce, analytics on consumer insights, digital payments, and logistic through JD’s ecosystem as mentioned by Yol during interview.

This cooperation is expected to set a foundation for Thailand to develop its own e-commerce ecosystem, and empower Thai academicians and students with real digital experience and skills.

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