Alibaba Group executive chairman Jack Ma arrived at Government House on Thursday to meet Prime Minister Prayut Chan-o-cha and Deputy Prime Minister Somkid Jatusripitak and sign memorandums of understanding on investment, e-commerce and tourism.
Mr Ma showed up at Government House about 10am. Deputy Prime Minister Somkid received him and led him to their meeting.
The head of Alibaba Group was scheduled to sign four MoUs that would see the group investing about 11 billion baht, especially in the Eastern Economic Corridor (EEC).
The planned investment is in digital business, digital tourism promotion and e-commerce training for local small- and medium-sized entrepreneurs and personnel in the digital sector.
Alibaba will establish a facility with technology to process logistics data, with the expectation of serving shipments between Thailand and China, as well as border trade with Cambodia, Laos, Myanmar and Vietnam.
Alibaba will also team up with the Customs Department to upgrade and digitise clearance processes to support Alibaba's operations.
