BUSINESS

Asia's richest man Jack Ma offers business advice during Africa trip

2017-07-22 22:00 GMT+8
Editor Wang Kailin

Wherever he goes, billionaire businessman Jack Ma attracts a lot of attention. And his first trip to Africa has been no different. His first stop was in Kenya, where he praised the country's communications infrastructure.

Ma arrived on Wednesday and says he came to "share the entrepreneurial spirit and dream."

His schedule began with a meeting with President Uhuru Kenyatta and leaders in the tech industry, followed by a stop at a tech incubator. At a local university, he urged young people to take advantage of the technology and data at their disposal.

"Where is the opportunity? The opportunity lies in the place where people complain -- if you solve the complaint you got the opportunity. This is what I believe. ... Most of the projects I have seen here are building platforms. The difference between building a company and building a platform is a platform is to enable others, make other people happy,” Ma said.

Ma say says his giant company Alibaba will source local partnerships, stressing that only businesses that create value in people's lives will thrive.

From Kenya, he'll travel to Rwanda for a UN conference for young entrepreneurs, where he will be the keynote speaker. He is accompanied by at least 30 Chinese billionaires looking for new business opportunities in Africa. 

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