Alibaba's Chairman Jack Ma's speech focuses on the need to empower small businesses.
Alibaba wants to strengthen small businesses. Alibaba wholesale informed that the ecommerce company’s chairman and founder urged for the empowerment and support of more than 10 million small enterprises across the globe. On November 18, 2015, during the APEC CEO Summit organized in Makati, Mr. Ma centered his address on how to boost businesses by paying attention to the 1.5 billion people who belong to the Internet generation that is also called post-Millennials.
Alibaba news affirmed that its founder challenged businesspersons to pay concentration to this generation by thinking how they could amend the means employed by their respective businesses to meet the requirements of the Internet generation. The Chinese billionaire also appreciated entrepreneurs belonging to this generation, while saying, "Young people make business based on technology, innovation, and based on the things they order.”
The Hangzhou-based organization established its enterprise as a mobile and online trading company offering mobile and online markets in wholesale and retail trade. He also stated that 125 million people are purchasing through their cellular phones each day.
Nevertheless, he did not attribute those figures to his organization, but to small enterprises located in different parts of the world. "[That number] was unimaginable 15 years ago", he stated. He suggested small businesspersons to develop their enterprises online first. He then gave his internet giant’s example to suggest means through which enterprises could grow over the internet.
He informed that this year, the Chinese online trading platform has been able to record sales worth $500bn, which equals the earnings of the American retail giant, Walmart.
Alibaba news today exclaimed that Mr. Ma proposed to develop an e-World Trade Organization for serving the interests of small enterprises and developing states, adding that the WTO had played a role in facilitating huge companies in the previous two decades and it is now the time to help those business persons hoping to establish their enterprises.
He acknowledged that small businesses’ entrepreneurs are often the most innovative strategists and thinkers. By emphasizing on the enterprises’ strengths, Jack is hoping that in the coming one to two decades, small businesspersons would turn into big people who would participate in future APEC summits.
He cautioned that by not offering assistance to least developed countries, young entrepreneurs, and small businesses would "create more and more disasters."
"Globalization really helped pump up the global economy. It helped the big companies and developed nations, but the developing nations and small guys did not benefit enough from globalization", he stated.
Alibaba Breaking News reported that Jack also explained that trading is not only concerned about buying and selling items.
"Trading is about the culture, passion, innovation, and creation. No matter wherever country you are, whatever size of company you are, trade is a freedom”, he stated.
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