Alibaba’s Jack Ma opens tech institute in Indonesia
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Jack Ma, executive chairman of China’s Alibaba Group Holding, 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.
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,” Ma said 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 Alibaba Cloud launched a data center in Indonesia in March.
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 stated last month that Indonesia was partnering with Ma to look into ways to harness Alibaba’s businesses 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 $55 billion (£42 billion) by 2022 from $8 billion in 2017.
Last week, Ma told a panel discussion at the IMF and World Bank meetings that “the internet is designed for developing countries”, with “great opportunities in Africa” also.
Questions & Answers
Q.What is the primary objective of the new tech institute in Indonesia?
What is the primary objective of the new tech institute in Indonesia?
The institute's main aim is to train 1,000 tech leaders annually for ten years, providing opportunities for young Indonesian people to learn. It will also train developers and engineers in cloud computing.
Q.Why does Jack Ma believe investing in human capital is crucial for Indonesia?
Why does Jack Ma believe investing in human capital is crucial for Indonesia?
Ma stated that investing in human capital is important because societal improvement, changing mindsets, and enhanced skills are necessary for Indonesia to successfully enter the digital period.
Q.What areas beyond e-commerce is Alibaba investing in within Indonesia?
What areas beyond e-commerce is Alibaba investing in within Indonesia?
Alibaba plans to continue investing in cloud computing, logistics, and infrastructure in Indonesia. The company also aims to help local businesses expand their operations.
Q.What is the projected growth for Indonesia's e-commerce market by 2022?
What is the projected growth for Indonesia's e-commerce market by 2022?
McKinsey estimated that Indonesia's e-commerce market will surge significantly, reaching at least $55 billion by 2022. This is a substantial increase from its $8 billion value in 2017.
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