Collaborative Agreement between AlphaMove Malaysia and China in 2025: Pursuit of Advanced Technology for Smart City Development
In a significant move, Malaysian blockchain startup AlphaMove has signed a Strategic Cooperation Framework Agreement with the Guangxi Research Department, under the Nanning Provincial Government of China. The partnership aims to create cross-border innovation hubs that strengthen China-Malaysia and wider ASEAN digital cooperation.
The collaboration focuses on developing a blockchain ecosystem enhanced by AI capabilities. This partnership is expected to support transformative applications in healthcare, finance, and urban development, contributing to ASEAN's digital future.
The head of the Guangxi Research Department who signed the strategic cooperation agreement with AlphaMove is named Wei. The partnership demonstrates how government-linked research in China and innovative startups from Malaysia can work together to drive digital transformation.
The partnership also includes joint exploration of applications in asset pricing, risk management, and regulatory monitoring. The issuer is solely responsible for the content of this announcement.
As part of the agreement, AI and Blockchain research laboratories are to be set up in Nanning, China, and Kuala Lumpur, Malaysia. This will further strengthen the partnership and facilitate research and development in the field.
The Forum on China-ASEAN Artificial Intelligence Cooperation has announced a forthcoming research paper on AI and blockchain interoperability. The partnership between AlphaMove and the Guangxi Research Department is a milestone in the collaboration between Malaysia and China in advancing high-tech economies, as stated by Kingsley Tan, CEO of AlphaMove.
The partnership highlights China's role as a pioneer in smart city innovation and Malaysia's startup ecosystem's contribution to ASEAN's digital development. The agreement is aimed at developing a trusted, compliant, and interoperable blockchain ecosystem enhanced by AI capabilities.
The collaboration is expected to create a conducive environment for the growth of innovative startups in both countries, fostering a spirit of cooperation and mutual benefit. The partnership demonstrates the potential for fruitful collaborations between government-linked research institutions and innovative startups in driving digital transformation.
