Shenzhen Data Exchange (SDE) has recently welcomed its first Malaysian data provider, Wito Technology Sdn. Bhd., which has established its wholly-owned subsidiary in the Luohu district of Shenzhen. This marks a significant step for SDE in its efforts to facilitate cross-border data services, further opening the digital economy sector in Shenzhen and fostering mutual benefit between China and Malaysia.

Wito Technology is a company with over 15 years of experience in the digital industry, employing a team of digital and technology professionals. Its core business includes smart building solutions, data center dashboards and solutions, Internet of Things, Internet Service Provider solutions, and custom development solutions. As a strategic partner of Tencent Cloud, Wito's arrival in Shenzhen brings SDE a wealth of data resources and advanced digital technology, contributing to a thriving data elements market.

The relationship between Shenzhen and various regions in Malaysia has grown increasingly close, with deepening trade and economic ties. Shenzhen has shown a willingness to strengthen bilateral interactions with Malaysian local governments, companies, and other relevant stakeholders, under the strategic guidance of the leadership of both countries. The arrival of Malaysian data businesses in Shenzhen reflects SDE's proactive approach in exploring cross-border data services.

SDE plans to continue leveraging its strengths by expanding into international markets, broadening its network of global partners, promoting international cooperation in cross-border data flows, and driving the development of the "Digital Silk Road." These efforts aim to further establish Shenzhen as a key player in the innovative growth of China's data industry.