HANGZHOU, 31 August 2023 – Malaysia’s tech firm Nectar Verse Holdings participated in the China ASEAN Digital Economy Workshop held in the Zhejiang University recognised as one of the top 3 universities in China.

“We fly Malaysian flag high in Hangzhou City in conjunction with 66th Malaysian Independence Day today”, said Ahmad Tarmizi Mukhtar, UiTM ALUMNI, Chairman of Nectar Verse Holdings and Koperasi Belia Digital Berhad.

The workshop represents the realisation of the “ASEAN-China Digital Talent Training Program”. During the 25th ASEAN-China (10+1) Leaders’ Meeting in 2022, Chinese leaders pledged to implement this program, aiming to cultivate 1,000 digital talents for ASEAN countries over the next three years. Zhejiang University has been tasked to leverage their strengths and enhance exchanges and cooperation with ASEAN.

China, India, and the United States are the top three countries in terms of internet user count, with 904 million, 560 million, and 313 million users.

“It is an embodiment of our collective effort to seize digital opportunities and strengthen our digital interconnectivity. We strive to create an environment that fosters dynamic, bi- directional dialogue among digital economy professionals from ASEAN countries and China,” said Dr Gong Sen, the Project Director.

Our goal is to contribute to the development of a digital economic network that champions mutual trust, shared benefits, inclusivity, and innovation. I firmly believe that this will be an innovative approach to promote the construction of a closer ASEAN- China community, Dr Gong added.

The key factor in the new technological revolution is data factor, which can be aptly referred to as the “big data revolution.”

“The Big Data Revolution serves as the catalyst for the transformation of the techno-economic paradigm. Consequently, it has given rise to various new economies, business models, and phenomena across all facets of economic and societal operations. We will play an active roles in the national economic digital transformation,” added Ahmad Tarmizi Mukhtar. He is also the co-founder of Asian Internet Gateway Berhad the firm focusing on fibre optics and data centre in Malaysia.

By the end of 2020, China had deployed over 718,000 5G base stations, establishing the world’s largest 5G communication network and achieving full coverage of 5G networks in all cities at the prefectural level.