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News & Highlights

Malaysian ICT Companies Gain Foothold in China

MDC Online ,2 Jun 2004

Four Malaysian companies have achieved breakthroughs into China's billion dollar mobile communication industry with the signing of several groundbreaking memorandums of understanding (MOU).

The deals will enable the companies to market their programs and applications in China with the collaborative efforts of mainland Chinese companies.

The agreements will allow Malaysians companies to gain entry in to the Chinese IT industry which remains a pillar industry for China and had a value-added output exceeding $76 billion in 2003.

By 2005, the Chinese government expects that the industry will account for over seven percent of GDP, of which telecommunications will represent 4.7 percent and electronic products the remaining 2.5 percent.

Already the world's largest wire line and wireless networks in the world, China's market for IT products and services reached US$22 billion in 2002 and is expected to exceed US$40.2 billion by 2006, representing nearly a 16.3 percent compound annual growth rate (CAGR) during these years

Among the deals signed in Beijing was between IGuanaMobile Sdn Bhd and Beijing Hong Xin Xun Men Pte Ltd which allows IGuanaMobile to leverage on HongXin's nationwide payment gateway to launch its premium mobile infotainment services in China.

Besides being a catalyst for penetration of the Chinese market, the move will allow IguanaMobile to increase its attractiveness to all content and service providers who wish to launch their services and content in Asia.

Another deal was between Nusara Technologies Sdn Bhd and Beijing Infoquick Sinovoice Speech Technology Corporation.

Both parties inked a deal to market Nusara's products in China. The deal will see the products packaged together with other Sinovoice applications and marketed jointly.

The main market for the products will be to the enterprises and telecommunication operators in China.

Meanwhile, Inavigate Sdn Bhd and Quangdong Tekson Industry Co. Ltd signed a deal to mutually promote the Malaysian firm's middleware technology in china.

Specialising in mobile multimedia applications, the collaboration will allow these mobile multimedia applications and technology to be marketed here. The deal will also allow see both parties push Sinotone's value-added and multimedia service and applications into the Malaysian and Asean market.

While Cyber Village Sdn Bhd enters a joint-venture with Jiuzhou Online Pte Ltd, to help provide digital web-TV multimedia web-delivery services.

The deal will see Cyber Village provide technical expertise and technology solutions to help develop the services as well as being in charge of maintenance and quality control of the system.

The mou's were signed as part of Prime Minister Datuk Seri Abdullah Ahmad Badawi's visit to China.

The Multimedia Development Corporation (MDC), as one of the drivers of the Malaysian ICT initiative acted facilitator of the agreements and will continue to provide support to all parties involved.