News ID: 232688
Published: 0907 GMT October 13, 2018

Alibaba's Jack Ma to open institute for tech entrepreneurs in Indonesia

Alibaba's Jack Ma to open institute for tech entrepreneurs in Indonesia

Alibaba Group co-founder and executive chairman, Jack Ma, gestures during a seminar at the International Monetary Fund/World Bank Annual Meeting 2018 in Nusa Dua, Bali, Indonesia, on October 12, 2018.

Jack Ma, the executive chairman of China’s Alibaba Group Holding, said on Saturday he plans to open an institute to train thousands of tech entrepreneurs in Indonesia, where he is already an adviser to the government on e-commerce.

Ma did not say when the Jack Ma Institute of Entrepreneurs would launch, but said the aim was to train 1,000 tech leaders a year over the next 10 years, Reuters reported.

“We’re giving a lot of opportunities for young Indonesian people to learn,” Ma told reporters after meeting Indonesian ministers on the sidelines of the International Monetary Fund and World Bank meetings being hosted by Indonesia.

The cofounder of Alibaba, China’s biggest e-commerce firm, said it is important for Indonesia to invest in human capital because “only when people improve, when people’s minds change, when people’s skills improve, then we can enter the digital period”.

Indonesia has a shortage of trained engineers in technology and the institute will also train hundreds of developers and engineers on cloud computing to help make Indonesian businesses more digital-savvy.

The country is a key market for Alibaba, whose cloud computing arm Alibaba Cloud launched a data center in Indonesia in March.

Ma said his company would continue to invest “not only on e-commerce, but also cloud computing, logistics and...infrastructure” in Indonesia, while also helping local businesses to grow.

Indonesian Communications Minister Rudiantara told Reuters in September that Indonesia was partnering with Ma to look into ways to harness Alibaba’s businesses to increase its exports, particularly to China.

McKinsey and Company, an American worldwide management consulting firm, estimated in a report released on August 30 that the value of Indonesia’s e-commerce market will surge to at least $55 billion (£42 billion) by 2022 from $8 billion in 2017.

On Friday, Ma told a panel discussion at the IMF and World Bank meetings that “the internet is designed for developing countries”, with “great opportunities in Africa” also.


Resource: Reuters
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