Posted 3/29/2024, 6:22:37 AM
Hong Kong Firms Expand in Malaysia's AI, E-commerce as Bilateral Ties Strengthen
- Hong Kong firms see Malaysia as an ideal location for AI and e-commerce development and a gateway to Southeast Asian markets
- Bilateral trade between Hong Kong and Malaysia totaled $28.2 billion in 2022, with both serving as top 10 trading partners
- Malaysia's Consul General says most Malaysian businesses are not concerned about Hong Kong's national security law
- 30-40% more Hong Kong brands have entered Malaysia's e-commerce market in past 2 years, selling cosmetics and electronics
- Hong Kong may open a trade office in Kuala Lumpur due to Malaysia's development potential, marking its 4th office in Southeast Asia