Malaysian digital solutions and application development specialist Agmo Holdings Berhad has inked a memorandum of understanding (MoU) with Alibaba Cloud (Malaysia) Sdn. Bhd, a cloud computing company of China-based Alibaba Group, to launch electric vehicle (EV) superapp.
Agmo said in a bourse filing on Tuesday that both parties are evaluating and exploring potential business collaboration for the project in Malaysia.
According to the filing, both companies have reached a mutual understanding to formalize the collaboration for the inaugural project in Malaysia, the Alibaba Cloud EMAS SuperApp Solution and the Agmo EV superapp.
The parties also agree to support each other in terms of business development and marketing activities to promote the abovementioned projects.
Agmo says it chooses Alibaba Cloud as one of its preferred service providers for cloud resources and products.
It also says Agmo will leverage Alibaba Cloud’s advanced technology and proven solutions such as the EMAS superapp solution to build its own EV app to provide a more intuitive and streamlined user experience by allowing users to use and remove a range of component tools (mini-apps) as needed.
Under the MoU, both parties will explore the effective use and integration of each party’s technologies into the respective solutions being developed and marketed by both parties.
They will also work together in exchanging industrial knowledge and expertise to ensure the success of the collaboration and push forward the digitalization of the nation.
The MoU will commence on June 13 and will remain in force until the earlier of one year, or the date the parties have entered into definitive agreement(s) which supersede this MoU.
Listed in Malaysia, Agmo solutions involve digitalizing its customers’ business operations through the development of mobile and web applications as well as provision of digital platform-based services.
Alibaba Cloud was incorporated in Malaysia as a private company, and is in the
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business of providing cloud services including elastic computing, database, storage, network virtualization services, large-scale computing, security, management and application services, big data analytics, a machine learning platform and Internet of Things (IoT) services.
