Asia holds great prospect in tech­nol­ogy, in­ter­net de­vel­op­ment: Jack Ma

Global Times - Weekend - - TECH - Xin­hua

Jack Ma, founder of China’s e-com­merce gi­ant Alibaba, hailed the prospect of tech­nol­ogy and the in­ter­net in Asia on Wed­nes­day, say­ing China and com­pa­nies like Alibaba will take up the re­spon­si­bil­ity and op­por­tu­ni­ties to share its tech­nol­ogy with neigh­bors.

De­spite be­ing a late­comer to the In­ter­net and in­for­ma­tion tech­nol­ogy, govern­ments and en­trepreneurs in Asia are show­ing greater in­ter­est in the area, he told au­di­ence via video call dur­ing South China Morn- ing Post’s China Con­fer­ence held in the Malaysia’s cap­i­tal Kuala Lumpur.

“To­day I think the big ad­van­tage of Asia is the con­fi­dence of tech­nol­ogy and con­fi­dence of the In­ter­net,” he said.

Ma cited Malaysia’s em­brace of the Elec­tronic World Trade Plat­form (eWTP), which was pro­posed by him, to pro­mote trade and small busi­ness, as well as sim­i­lar ex­am­ples in coun­tries like Thai­land, In­done­sia, In­dia and Pak­istan.

“All these things show that Asian coun­tries are em­brac­ing tech­nol­ogy more ag­gres­sively,” he said, while point­ing out that peo­ple in the West are more con­cerned about tech­nol­ogy, fo­cus­ing more on reg­u­la­tion.

“The In­ter­net was de­vel­oped in Amer­ica, but I’m sure it will de­velop much more quickly in Asia,” he said.

The Alibaba founder also said the tech­nol­ogy de­vel­oped by Chi­nese com­pa­nies like Alibaba could be shared with coun­tries like Malaysia.

“In the past 20 years in China, com­pa­nies like Ten­cent, Baidu, Alibaba grow be­cause they solve prob­lems us­ing the in­ter­net, and em­brace tech­nol­ogy for change,” he said.

“I think Asian coun­tries’ en­trepreneurs should work to­gether to solve their prob­lems lo­cally and to use tech­nol­ogy to be more open, more in­no­va­tive to solve prob­lems like prop­erty and to im­prove in­clu­sive­ness,” he said.

The con­fer­ence, or­ga­nized by the South China Morn­ing Post based in China’s Hong Kong Spe­cial Ad­min­is­tra­tive Re­gion, brings to­gether busi­ness, aca­demic and po­lit­i­cal lead­ers to dis­cuss China’s co­op­er­a­tion with South­east Asia on pol­i­tics, econ­omy, tech­nol­ogy and how to tap into op­por­tu­ni­ties of the Belt and Road Ini­tia­tive, among oth­ers.

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