This statement from Malaysia’s top fiscal authority represents the highest level of government endorsement for Baiwang’s strategic presence in the Malaysian market. It reflects the government’s strong trust in Baiwang’s technological advancement and cross-border experience, while also signaling the alignment of Baiwang’s e-invoicing and compliance solutions with Malaysia’s national digitalization strategy—a market with vast potential.
Taking advantage of this policy momentum, Baiwang’s booth became one of the most visited in the exhibition hall, drawing continuous attention from potential partners across Malaysia and the wider Southeast Asian region. The Baiwang team presented end-to-end e-invoicing solutions developed from practical experience with 28 million enterprises in China, sparking significant interest and resulting in multiple cooperation agreements, some already entering substantive negotiation stages.
Accelerating the Southeast Asia Strategy: Tapping into the Digital Blue Ocean
In 2024, Malaysia issued approximately 200 million e-invoices, a figure projected to quadruple by 2035. The Malaysian government has released a clear timeline mandating that all businesses—including B2B, B2C, and B2G transactions—must comply with national e-invoicing regulations.
With extensive implementation experience in China and a comprehensive compliance solution portfolio, Baiwang is uniquely positioned to capture this fast-growing market. As a pioneer of China’s digital technology globalization, Baiwang helps Malaysian enterprises reduce compliance and onboarding costs, achieve process automation, shorten payment cycles, and enhance data security—directly addressing the key operational challenges faced by local businesses.
Adhering to a “localization-first” execution strategy, Baiwang has established a dedicated regional service team and completed localized product adaptation and compliance certification tailored to Malaysia’s market and regulatory environment, providing end-to-end digital transformation services for local enterprises.
The breakthrough in Malaysia marks an important milestone in Baiwang’s Southeast Asian expansion. According to
“Southeast Asia is one of the fastest-growing digital economies in the world. Malaysia, as a core ASEAN market, holds strategic importance. Moving forward, Baiwang will continue to strengthen investment through Baiwang Cloud Overseas, deepening cooperation with local governments and enterprises. We aim to establish Malaysia as a benchmark for Chinese technology companies going global and to share the dividends of digital economic development with our partners.”
Mr. Yang Zhengdao, Co-founder, Chairman, and CEO of Baiwang Cloud Overseas, added:“Backed by Baiwang’s forward-looking global vision and precise strategic planning, we have gained strong capital momentum in overseas markets. In just ten months, Baiwang Cloud Overseas has secured over RMB 100 million in global contracts. Leveraging the synergy between Baiwang’s strengths in digital governance, enterprise tax compliance, and inclusive finance, along with our forthcoming major project signings, we expect rapid business growth and sustainable profitability.”
With government endorsement and proven success in Malaysia, Baiwang is now actively replicating its digital governance and e-invoicing expertise across other Southeast Asian nations. Malaysia’s success is only a microcosm of Baiwang’s global strategy. Expansion into Indonesia, Singapore, Vietnam, and other emerging markets is already underway, bringing China’s validated digital transformation capabilities to more Belt and Road countries, empowering global partners to embrace the future of intelligent compliance and fiscal modernization.
