Jack Ma: China’s entrepreneurs must be ready for a globalised, digitalised world
- Alibaba founder Jack Ma stepped down as chairman of the e-commerce giant a year ago, but the 56-year-old is still regarded as a leader in the Chinese business community
- Jack Ma was face of Alibaba, the company he founded in his Hangzhou apartment in 1999 together with 17 others, for nearly two decades
Chinese entrepreneurs must ready themselves for a digitalised and globalised world and look beyond immediate difficulties, according to Alibaba founder Jack Ma.
“Globalisation was led by developed countries and large enterprises in the past, but it will be led by developing countries and small businesses in the future,” Ma told the China Green Companies Summit, an event hosted by the China Entrepreneur Club, on Tuesday.
“Anyone with a mobile phone can run a globalised business … in the last three decades, 6,000 or so large businesses dictated globalisation, but the future will be decided by 60 million small businesses going global.
“Digitalisation will definitely transform all industries.”
China will change it from a country of sell, sell and more sell into a country of buy, buy and more buy
According to 56-year-old Ma, the United States had only 12 cities with populations above one million in 2014, while China had 167, and these Chinese cities and towns have huge potential for businesses.
