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As per a latest filing, Agmo Holdings Berhad entered into a Memorandum of Understanding (“MoU”) with Alibaba Cloud (Malaysia) Sdn. Bhd. (“Alibaba Cloud”) to evaluate and explore potential business collaboration for an inaugural project in Malaysia.
The MOU shall commence on 13 June 2023 and shall remain in force until the earlier of one year, or the date the Parties have entered into definitive agreement(s) which supersede this MoU (which, in the case of Alibaba Cloud, may be executed by Alibaba Cloud or its relevant affiliate(s) and/or related parties).
Agmo and Alibaba Cloud reach a mutual understanding to formalise the collaboration for the inaugural project in Malaysia, the Alibaba Cloud EMAS SuperApp Solution and the Agmo EV SuperApp and the Parties agree to support each other in terms of business development and marketing activities to promote the abovementioned projects.
Agmo will leverage Alibaba Cloud’s advanced technology and proven solutions such as the EMAS Superapp solution to build its own electric vehicle (“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.
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