KTB join hands with Alibaba boost up Thailand’s SME to expand into international market
Krungthai Bank PLC. [KTB] announced collaboration with Alibaba.com (www.alibaba.com), a leading English-language wholesale marketplace for global trade under Alibaba Group, and Crown Tech Advance PLC. [AJD] to support Thai’s SME entrepreneurs expand their E-commerce business channel and promote their products, services and company reputation in global market via Alibaba.com website. Under the collaboration, by offering Alibaba.com’s Gold Supplier membership subscription which provide one stop online trade services together with working capital support and financial services.
Mr.Songpol Chevapanyaroj, Senior Executive Vice President of KTB’s Global Transaction Banking Group revealed that KTB has signed a Collaboration Agreement with Alibaba.com and AJD to provide KTB’s SME customers with Alibaba.com’s Gold Supplier membership subscription together with one stop service to facilitate SMEs in the international trade sector operate their business via Alibaba.com’s “Business to Business” [B2B] E-commerce platform to encourage them expand their products into global market efficiently. According to iResearch, Alibaba.com is China’s largest global online wholesale marketplace in 2015 by revenue.
KTB will facilitate its customers’ use of Alibaba.com in every process, from application, usage, to trouble shooting. The bank will also offer Liquidity with International Trade working capital plus business advisory and the exemption of KTB Corporate Online fee for 1 year by subscribing Gold Supplier membership. Customer can contact KTB at 79 of business centers and 25 of international business centers nationwide. Alibaba.com’s Gold Supplier members, who must have been approved for the authentication and verification by a third-party agency and will receive the Certify by Alibaba.com, can upload their products with unlimited number, exhibit their products in 25 showcases maximum together with advertising banner’s space for 1 month.
Dr. Amon Meemano, CEO of Crown Tech Advance Plc. (AJD), the authorized reseller of Alibaba.com in Thailand, comments on this important partnership. The company will provide SMEs who subscribe to Alibaba.com’s Gold Supplier membership through KTB with the premiums service including Quality Training, Coaching, Manage Problem Solving supporting Krungthai’s member for achieving the success in expanding market and Sales in alibaba.com.
Mr. Wu Zhe, Jerry, Country Manager of Thailand for Alibaba.com, commented: "Products of Thailand are in great demand by buyers around the world. We anticipate this partnership will enable more Thailand SMEs in exporting their quality products to international markets and meet global buyer demand in more efficient way through e-commerce."
Mr.Songpol Chevapanyaroj also added at the end that all Gold Supplier member have privilege to attend trading technique course to strengthen their knowledge from Alibaba.com experts and the success entrepreneurs in the field of e-commerce business throughout their membership. For more information please contact KTB Call Center tel. 0-2111-1111, AJ Call Center Tel. 1108 and Website : http://alibaba.ajthai.com.
Corporate Branding and Communications Department
16 June 2016