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

Bangkok Post - - ASIA -

>> NUSA DUA: Jack Ma, ex­ec­u­tive chair­man of China’s Alibaba Group Hold­ing, said yes­ter­day 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.

Mr 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.

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

The co-founder 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 launched a data cen­tre in In­done­sia in March.

Mr 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 said in Septem­ber that In­done­sia was part­ner­ing with Mr Ma to look into ways to in­crease its ex­ports, par­tic­u­larly to China.

McKin­sey es­ti­mated in a re­port re­leased on Aug 30 that the value of In­done­sia’s e-com­merce mar­ket will surge to at least US$55 bil­lion (1.8 tril­lion baht) by 2022 from $8 bil­lion in 2017.

On Fri­day, Mr Ma told a panel dis­cus­sion at the IMF and World Bank meet­ings that “the in­ter­net is de­signed for de­vel­op­ing coun­tries”.

Newspapers in English

Newspapers from Thailand

© PressReader. All rights reserved.