Asia holds great prospect in technology, internet development: Jack Ma

Source:Xinhua Published: 2018/10/11 20:41:07

Jack Ma, founder of China's e-commerce giant Alibaba, hailed the prospect of technology and the internet in Asia on Wednesday, saying China and companies like Alibaba will take up the responsibility and opportunities to share its technology with neighbors.

Despite being a latecomer to the Internet and information technology, governments and entrepreneurs in Asia are showing greater interest in the area, he told audience via video call during South China Morning Post's China Conference held in the Malaysia's capital Kuala Lumpur.

"Today I think the big advantage of Asia is the confidence of technology and confidence of the Internet," he said.

Ma cited Malaysia's embrace of the Electronic World Trade Platform (eWTP), which was proposed by him, to promote trade and small business, as well as similar examples in countries like Thailand, Indonesia, India and Pakistan.

"All these things show that Asian countries are embracing technology more aggressively," he said, while pointing out that people in the West are more concerned about technology, focusing more on regulation.

"The Internet was developed in America, but I'm sure it will develop much more quickly in Asia," he said.

The Alibaba founder also said the technology developed by Chinese companies like Alibaba could be shared with countries like Malaysia.

"In the past 20 years in China, companies like Tencent, Baidu, Alibaba grow because they solve problems using the internet, and embrace technology for change," he said.

"I think Asian countries' entrepreneurs should work together to solve their problems locally and to use technology to be more open, more innovative to solve problems like property and  to improve inclusiveness," he said.

The conference, organized by the South China Morning Post based in China's Hong Kong Special Administrative Region, brings together business, academic and political leaders to discuss China's cooperation with Southeast Asia on politics, economy, technology and how to tap into opportunities of the Belt and Road Initiative, among others.



Posted in: ECONOMY,COMPANIES

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