Alibaba’s Jack Ma ‘Will Do Anything to Share Technology’ With Africa –

BLOOMBERG

AUGUST 09, 2018

Jack Ma, chairman of Alibaba Group Holding Ltd.

Photographer: Qilai Shen/Bloomberg

Alibaba Group Holding Ltd., China’s biggest online emporium, “will do anything to share technology” with Africa, founder and Chairman 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 Wednesday, after he met South African President Cyril Ramaphosa and discussed implementing more favorable tax conditions for start-ups in the continent’s most-industrialized economy.

Ma has set aside $10 million 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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