Alibaba Cloud, Fidelity Funding tie-up to meet local business needs

  • Collaboration to kick-off with Alibaba Cloud Demo Day 2021
  • More than 500 startups expected to participate in the programme 

Alibaba Cloud, Fidelity Funding tie-up to meet local business needsAlibaba Cloud Innovation Centre has partnered with Fidelity Funding, a venture capital corporation, aimed at propelling local businesses to greater heights by equipping them with the latest information and know-how in digital transformation.

In a statement, the company said the collaboration is set to kick-off with the upcoming Alibaba Cloud Demo Day 2021 which will be conducted across a series of events - Demo Day 2021.

The series will also look to nurture the next generation of fresh talent, it said.

Fidelity Funding will be joining other brands such as ATM Capital, Capital Nuts and Ficus Venture to form the judging panel for the Alibaba Cloud Demo Day 2021, Alibaba said.

The programme is anticipated to bring together over 500 Malaysian startups and is set to transform traditional businesses and encourage companies to embrace the latest technologies and take advantage of current resources, it said.

Commencing on Oct 23rd to Mac 26, 2022, the Alibaba Cloud Demo Day is organised by Handsprofit, Alibaba Cloud’s local partner and co-organised by BIG WHEEL.

The event will also include the launching of the Alibaba Cloud Global Startup Accelerator, where Malaysian startups will have the opportunity to be selected for the Global Startup Accelerator Programme and become part of Alibaba Cloud’s global ecosystem, the company said.

These series of contests are expected to create an innovative wave in the region bringing about solutions such as 5G, artificial intelligence, cloud computing, Internet of Things, AR/VR, and drones.

Others include smart community, smart logistics, connected vehicles, smart medical care, smart city, smart energy, and the smart grid for the startup scene here in Malaysia.

“We are excited to be joining hands with Alibaba Cloud and Handsprofit to provide a platform for innovative entrepreneurs to shine on a global scale, bringing to light their unique ideas,” said Tham Lih Chung, director of Fidelity Funding.

“With this event, we hope to turn things around for local businesses, helping them to achieve sustainable growth as well as make their mark in this digital era,” he added. 

Fidelity Funding is a boutique fund under eatcosys, an integrated tech platform that offers the Food & Beverage (F&B) industry solutions that cover their entire business lifecycle, from birth to growth.

It serves to accelerate the growth of businesses and provide digital enabled value creation for the F&B industry and retail scene here in Malaysia.

“We are excited to partner with Fidelity Funding. Alongside Handsprofit and BIG WHEEL, we will provide Malaysian startups with a conducive environment to grow and thrive,” said Michael Chang of Handsprofit.

For more info on Alibaba Cloud Demo Day 2021, visit here.


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