`India, China will Benefit if they Work Together’

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  • Jack Ma -China's richest man and founder of Alibaba has set his eyes on India.
  • He has deployed a high-level team to increase engagement with India
  • He also promises to invest more here and is likely to hire Indian talent.
  • The 50-year-old, worth $25 billion, said he was upbeat on India as the country is the second-largest sourcing centre after China.
  • The Chinese business man, who started Alibaba in 1999 after giving up on teaching, raised a record $25 billion in the US.
  • Ma said spices, chocolates and tea were the top three products sourced from India and acknowledged that the market had been ignored in the past.
  • Indian suppliers are the secondhighest Alibaba users after China.
  • They use our site often.
  • He said :We are improving technology to transform Alibaba into a platform that'll help small business in India, Close to 4 lakh Chinese buyers buy from India through Alibaba.
  • During his conversation with government officials, Ma indicated that Ali baba might rework its platform to concentrate more on India.
  • The internet billionaire hinted at hiring Indian talent during his private conversations, and gave a vote of confidence to software developers.
  • During his brief speech at the event, where he was mobbed by mediapersons, Ma said Internet has the potential to change India.
  • Referring to the recent meeting between PM Narendra Modi and Chinese president Xi Jinping, Ma said entrepreneurs can work together.
  • If both nations work together they will benefit from each other.
  • These two nations have great culture and are influenced by new technology .
  • The tech mogul opined: I believe this is a great opportunity for entrepreneurs of both nations to work together to improve the culture, and the world.