Online commerce has notably grown over the last few years, while the Industrial Revolution 4.0 continues to be deeply embedded in the contemporary world.
There are a few companies that have blazed the trail for ecommerce. These include the likes of Alibaba, Amazon and eBay. Buyers the world over are using these sites to both buy and sell goods.
Many of these e-commerce players have made it a goal to penetrate into new markets. These markets have huge potential and massive consumer bases.
In a recent interview with Capital Cambodia newspaper, Kevin Li, Alibaba's general manager of transportation, said that Cambodia is central location in Asia. The country has huge potential for warehousing, and as a transportation hub to other countries in the region such as Thailand, Vietnam and Myanmar.
Additionally, Alibaba CEO Jack Ma, expressed plans his firm has to establish networks in Cambodia over the next five years. These networks would be key in transporting goods from China to the Mekong region.
News of this decision follows on the heels of a similar announcement by Alibaba’s US rival Amazon. The e-commerce giant, headed by the world’s richest man, Jeff Bezos, recently chose Vietnam to host a transportation hub in Southeast Asia.
In choosing Cambodia to be a part of its strategy moving forward, Alibaba is building on the mounting relationship between China and Cambodia playing out through the One Belt, One Road policy.
One key advantage Cambodia has over its neighbours Thailand and Vietnam is its use of the US dollar. This means that the Kingdom can be a convenient intermideary between China, one of the world’s largest producers, and the US, the world’s largest economy and biggest consumer of Chinese goods.
Many experts think the interest from China will draw even more international investors to Cambodia.
To learn all the ins and outs of doing business in the Kingdom of Wonder, head over to our Investment Guide 2019. It’s the free cheat sheet to everything from trade to agriculture.
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