TCC Land joins Alibaba for digital trade centres in aid of SMEs
TCC Land Asset World has joined forces with Alibaba.com to provide online - and -offline (O2O) business models for the ‘Tarad Tor Yod AEC Trade Centre’ project in support of the expansion of local entrepreneurs as well as small and medium enterprises (SMEs) to the global market in the third quarter this year.
The firm expects to invest Bt40 billion to set up eight centres in eight provinces within the next six year in order to help local SMEs expand their business base abroad.
Soammaphat Traisorat, chief executive officer at TCC Land Asset World, said that the firm has signed a memorandum of under standing (MoU) with Alibaba.com for the project which will provide online and offline (O2O) business models and business-to-business (B2B) platforms, designed for local entrepreneur, merchants and SMEs who want to enter the global market.
He said the joint venture with Alibaba.com is the first collaboration that will provide b2b platforms. The firm plans to partner with 10 other international companies to develop and provide b2b and b2b2c platforms to the market.
It will also work with private sector, state enterprise and government agencies - such as Thailand Post, Kerry Express, Nim Express and Siam Commercial Bank (SCB), to create one-stop services in support of local entrepreneurs and SMEs expand overeseas and achieve sustainable growth.
“The collaboration with Alibaba.com will enhance business and expand opportunity for Thai products. Through e-commerce to the global market, the Tarad Tor Yod AEC Trade Centre project will be the first one-stop Asean wholesale base in Thailand. The collaboration will offer O2O business models and one-stop services that will strengthen the e-commerce business on the global stage," said CEO.
Jack Zhang, general manager of Global Supplier Development at Alibaba.com, said that under the collaboration, the firm will provide know-how and expertise in e-commerce to the development of the Tarad Tor Yod online platform under the Tarad Tor Yod AEC Trade Center project. It will help to provide opportunity for Thai merchants to reach out to potential partners in China and across the globe through e-commerce.
Soammaphat said the firm started to develop the Tarad Tor Yod AEC Trade Centre project a couple years ago. It has spent Bt6 billion to set up the project located at Bang Pa-in district, Phra Nakhon Si Ayuthaya province, occuping a total area of 160 rais with around 300,000 square meters designated for businesses.
The Tor Yod online platform will be digital while the B2B platforms would help Thai entrepreneurs to connect with e-commerce platforms in countries all over the world such as India, Russia, USA, South Africa and Indonesia.
The project will come with various facilities including a SME solutions centre and Asean trading network entrepreneurs centre .
The firm will officially open the project in the third quarter this year .
Tanadit Charoenchan, chief operating officer said the firm plans to set up Tarad Tor Yod AEC Trade Centre in eight other provinces.