With the signing of the Regional Comprehensive Economic Partnership Agreement (RCEP) and the super-high-speed development of the digital economy in Southeast Asia, Yiwu Silk Road Institute (Malaysia) jointly run by Yiwu Industrial & Commercial College and ITS Management Sdn. Bhd. was officially unveiled in Malacca, Malaysia in January 2021, which opened a new chapter of e-commerce training cooperation. In June 2022, Yiwu Silk Road Institute (Malaysia) was recognized as one of the first batch of the Belt and Road “Silk Road Colleges“ in Zhejiang province.