90 Malaysian Entrepreneurs have raduated from the First Alibaba Netpreneur Training Program in Malaysia. The 10-day hands-on training inspires participants to innovate and accelerate their transformation to digital economy. The Alibaba Netpreneur Training Malaysia Program is a joint initiative by Alibaba Business School, Malaysian Digital Economy Corporation (MDEC), Malaysia External Trade Development Corporation (MATRADE) and SME Corporation Malaysia (SME Corp. Malaysia).

The training program is designed to demonstrate the potential of the digital economy and share the learnings from Alibaba and its ecosystem partners who have recently gone through the digital transformation. Malaysia is the first Asian country to initiate the Alibaba Netpreneur Training Program. The training program is part of the on-going eWTP initiatives in Malaysia and it aims to enable local Malaysian entrepreneurs and those who operate businesses within the Malaysian market to embrace digital innovations to transform their businesses and the country’s economy.

Following an extensive selection process, 90 entrepreneurs and business leaders were selected from over 400+ applications. These entrepreneurs come from different industries that consist of e-commerce, trade, fintech, logistic, tourism, manufacturing, as well as big data. Majority of the participants are founders or business owners of traditional businesses looking to transform digitally.

Congratulating the Malaysian entrepreneurs on their graduation, Surina Shukri, CEO, Malaysia Digital Economy Corporation (MDEC) commented: “The values and objectives encapsulated by the Alibaba Netpreneur Training Program are in alignment with Malaysia’s goal of eCommerce expansion for Malaysian entrepreneurs. Indeed, this programme is another wonderful opportunity for our entrepreneurs to gain greater, practical insights into future proofing initiatives. When they return home to Malaysia, this new knowledge and understanding of how to thrive in the new economy can be shared with fellow Malaysians – and this will definitely spur Malaysia’s growth onwards and upwards.”

Mdm. Sharimahton Mat Saleh, Deputy CEO, Exporters Development, Malaysia External Trade Development Corporation (MATRADE) said, “We are pleased to collaborate with Alibaba Business School on this initiative to provide the opportunity to export-ready Malaysian companies to undergo an experiential learning with world class experts; enabling them to better navigate the challenges in digital transformation in exporting their products and services.”

“The Alibaba Netpreneur Training program was created to demonstrate the potential of new economy to entrepreneurs and business leaders from the digital and traditional backgrounds to inspire a mindset shift and accelerate transformation towards digital economy,” said Brian A. Wong, Vice President of Global Initiatives, Alibaba Group.

Harnessing Digital Innovations and Technologies
The training program was held at Alibaba’s headquarters in Hangzhou, China. All participants were offered first-hand exposure to Alibaba’s journey from a small start-up to a digital ecosystem empowers millions of SME’s and consumers, as well as the mission, vision, value, strategy and culture that contribute to Alibaba Group’s success. All participants had an opportunity to witness the entrepreneurship spirit that drives Alibaba group since it was founded back in 1999, the integrated ecosystem of platforms including Tmall, Taobao Marketplace, Alibaba.com, Alibaba Cloud, Alipay, Cainiao, HEMA (one of the new retail examples in China), Eleme (takeaway service platform), Fliggy (tourist ecommerce platform), Youku (content and entertainment platform) in addition to relevant industry trends and developments such as New Retail and the impact of e-commerce in rural areas. The participants also benefited from interactive sessions with the Alibaba business leaders, Alibaba’s ecosystem partners, other participants as well as the advisors in order to acquire more experience and inspiration from each other

The site visits to rural village and traditional companies going through digital transformation as well as the digital city experience provided the participants with a greater appreciation to how digital economy and well-developed ecommerce ecosystem can rejuvenate the traditional industries, bring positive impacts to the society and even the remote rural areas, encouraging them to work together to bring the benefit of digital economy to Malaysia and to share their newly acquired knowledge with their communities back in Malaysia. “With the exposure to the Alibaba ecosystem and our network of partners, as well as our role in the transforming journey of China’s digital economy, we hope the entrepreneurs and business leaders will be inspired and able to discover more innovative ways to build a more inclusive as sustainable model for their own businesses while championing the growth of the digital economy back in their home country,” said Brian.