To: EXCO members
Re: Young Entrepreneurs Group’s Theme and Activities for 2017

BEIJING: Alibaba founder and executive chairman Jack Ma will kick-start his role as adviser to the Malaysian Government on its digital economy at the launch of a e-free trade zone (e-FTZ) in March.

In his (Najib’s) Budget 2017 speech last month, Najib announced that a digital economy that includes e-commerce would be Malaysia’s next growth strategy as this could bring about double-digit growth.
(source: http://www.thestar.com.my/news/nation/2016/11/05/adviser-jack-ma-to-start-with-eftz/ )

Key Take away:

1. Malaysia is moving towards digital economy strongly by evidence of budget allocation and appointing Jack Ma as the advisor.
2. Many business entreprenuers had claimed that market is very quiet and sales had been slow. If digital ecnonomy can be a successful catalyst then sales could be improved.

My proposal:-

1. KLSCCCI Young Entrepreneurs Group should take the opportunity to ride on this wave and lead our youth members to ride on this wave; and
2.  for the year 2017, our theme should be on digital economy, we should plan Youth activities and programmes based on digital economy.

Date: 4 November 2016

To: EXCO Members of Young Entrepreneurs of KLSCCCI

Re: Key Take Aways From the Meeting with SITEC

KLSCCCI ICT Group had a networking meeting with Selangor Information Technology & E-commerce Council (http://www.sitec.com.my/) this morning.

1. KLSCCCI wants to see a fruitful result/outcome in collaborating with SITEC in these areas:-
   1. tailor made clases for KLSCCI members on e-commerce
   2. trade missions
2. SITEC has closed working relationship with MDEC, MAGIC, MITI & MATRADE
3. SITEC is well funded by Selangor government

My opinion:-

•  Malaysia government is moving towards digital economy in budget 2017 and had appointed Jack Ma as Malaysia’s digital economy adviser (http://www.channelnewsasia.com/news/asiapacific/jack-ma-appointed-as-malaysia-s-digital-economy-adviser/3261856.html)
• I propose that Young Entrepreneurs Group (with ICT Group) to collaborate with SITEC in coaching/training young entrepreneurs to embrace digital economy and to transform Chinese SME into digital economy

Other points:-

• Perhaps can tap onto SITEC (or any organisation that has money) as they are well funded by Selangor govt and is very actively helping business owners to go digital (e-commerce)
• the coaching scope can focus on helping entreprenuers to move into digital economy/e-commerce as most of our Youth members are business owners in non-ICT sector rather as ICT start-ups
• instead of mentoring, we can look into consultation, the consultants are KLSCCCI ICT members, giving advice on technical issues of ICT/e-commerce (e.g. how to advertise in google)
• another advantage of SITEC is the training/coaching is conducted in Mandarin (in addition to English and Malay)
• since most of our youth members are not start-ups therefore, the accelerator/incubation programme may not be helpful to them
• but, if we change the target of  INNOVATIVE YOUTH 2017 from university students to start-ups, then the accelerator/incubation/coach and grow programme is very helpful for them.

We are delighted to invite you to this thought provoking lecture about the future of China, presented by Professor Shaun Breslin.

When President Xi Jinping took over the reins of power in China, he identified five major issues that needed urgent attention before he could consolidate China’s global role or articulate a vision for China as a new type of Great Power. Trying to deal with all five issues at the same time has proved far from easy for Xi Jinping and the result has been uncertainty and unease over where China is going domestically, politically, economically and socially.

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KLSCCCI has the pleasure to invite one of the most famous internet start-ups in recent years ─ KFit, as well as the traditional catering industry which is famous for using internet to do marketing ─ MyBurgerLab to share how they manipulate digital marketing on 15^th October 2016 (Saturday). The talk is supported by Credit Guarantee Corporation. Details are as follows :

All members are welcome to participate in the talk. Should you have any enquiries, please contact Ms. Teo of the Secretariat at Tel : 03-4253 2135; Fax : 03-4253 2524 / 0; E-mail : inquiry@chinesechamber.org.my.

Thank you.

Yours faithfully,

HO SOO FONG

Executive Director