Indonesia to Work With Alibaba’s Jack Ma to Increase Exports: Minister
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Indonesia will partner with Alibaba chief executive Jack Ma to look into ways to use of the e-commerce giant’s ecosystem to increase its exports, particularly to China, Communications Minister Rudiantara said on Sunday.
“We are also discussing how to work together to develop tech talents to meet the needs of Indonesia and the region,” Rudiantara said after meeting Ma and President Joko “Jokowi” Widodo on Saturday.
The Alibaba founder and chief executive, who was in Jakarta for the 2018 Asian Games, was named an e-commerce adviser to the Indonesian government in 2017.
McKinsey estimated in a report released on Aug. 30 that the value of Indonesia’s e-commerce market will grow to at least $55 billion by 2022 from $8 billion in 2017.
Alibaba is China’s biggest e-commerce firm, but its ecosystem includes payments platform Alipay and a cloud computing arm.
Rudiantara told Reuters the details of the deal would be finalized during a second visit by Ma in October.
Questions & Answers
Q.What is the primary goal of the partnership between Indonesia and Alibaba's Jack Ma?
What is the primary goal of the partnership between Indonesia and Alibaba's Jack Ma?
The main objective is to explore methods of utilising the e-commerce giant's ecosystem. This is intended to increase Indonesia's exports, with a particular focus on the Chinese market.
Q.Besides increasing exports, what other area of collaboration is being discussed?
Besides increasing exports, what other area of collaboration is being discussed?
Discussions also involve working together to develop tech talents within Indonesia. This aims to meet the needs of both Indonesia and the wider region.
Q.When is Jack Ma expected to finalise the details of this deal?
When is Jack Ma expected to finalise the details of this deal?
Jack Ma is scheduled to finalise the specifics of the arrangement during a second visit. This follow-up visit is planned for October.
Q.What is included within Alibaba's ecosystem beyond its core e-commerce business?
What is included within Alibaba's ecosystem beyond its core e-commerce business?
Beyond its primary e-commerce operations, Alibaba's extensive ecosystem also encompasses Alipay, its payments platform. Also, it includes a cloud computing division.