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Alibaba's Jack Ma ‘will do anything to share technology’ with Africa

Aug 09 2018 17:35
Loni Prinsloo, Bloomberg

Alibaba Group, China’s biggest online emporium, “will do anything to share technology” with Africa, founder and chair Jack Ma said.

“The opportunity in e-commerce in Africa lies in the fact that Africa is lacking logistics, infrastructure and payment systems,” Ma said at a conference in Johannesburg on Wednesday, after he met SA President Cyril Ramaphosa and discussed implementing more favourable tax conditions for start-ups in SA.

Ma has set aside $10m for a fund for African entrepreneurs and said his next visit to the continent will be to Nigeria, the region’s most-populous nation.

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alibaba  |  jack ma  |  tech  |  small business  |  entrepreneurship  |  ict
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