Alibaba is one of the largest e-commerce sites in the world with 755 million active users. Its founder, Jack Ma, who retired last year, is as famous as the Chinese web giant itself. The brand, created by Jack Ma while he was a teacher and born out of the combinations of the discipline of Chinese culture, Ma's own vision and the opportunities he has encountered throughout his life, is also one of the few international companies that know how to apply advanced technology well. However, Ma does not want to settle for creating the largest international brand from China. He has set his sights on a new target geography to develop in two years: Africa.
In a recent statement to African media, Ma said "Today's Africa is like China 20 years ago." In other words, he saw Africa as a geography with great potential to become a global center, ready to flourish, and so, he decided to dedicate himself to Africa.
Ma said he set foot on the continent for the first time as a consultant of the United Nations Conference on Trade and Development in 2017. "On my first trip, I went to Kenya and Rwanda. I met young entrepreneurs in both countries. Africa was no different from China. I listened to their stories and suddenly found myself the version I was 20 years ago when Alibaba was founded," Ma said in a statement to The African Report. "Unlike American or Chinese peers, who are growing in number, African entrepreneurs were looking for opportunities in sectors such as banking, energy and mining, where they could take more confident steps, rather than obsess about pursuing a successful career."
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