09 Aug 2018

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

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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