Business / Technology

Alibaba to help small enterprises worldwide: Jack Ma

(Xinhua) Updated: 2014-11-21 10:28

Alibaba to help small enterprises worldwide: Jack Ma

Jack Ma, Chairman of Alibaba Group, smiles at the Chinese and Foreign Entrepreneurs Summit during the First World Internet Conference, in Wuzhen, East China's Zhejiang province, Nov 20, 2014.[Photo/IC]

HANGZHOU - Jack Ma, founder of Alibaba group, described on Thursday how the company is exploring ways to help small businesses not only in China, but all around the world.

The three-day First World Internet Conference opened on Wednesday in the scenic river town of Wuzhen with roughly 1,000 Internet professionals, from more than 100 countries and regions in attendance.

Ma said, "traditionally, all we think about is how to sell products to others and how to get money out of the pockets of consumers.

"The internationalization of Alibaba's business requires us to ponder the issue of how to help others sell their products to us. China's rapidly rising middle class is posting a huge demand for foreign products."

In February, Alibaba launched Tmall International dealing mainly in commodities produced or sold in overseas markets and in September the company was the source of the world's biggest initial public offering.

Ma believes that in the global village, old trade modes will be transformed, and, within the WTO framework, the rules of game are set by the governments. The market is frequently at the mercy of international relations.

The Internet has made it possible for a business world built by the entrepreneurs themselves to evolve on the basis of the market economy and unencumbered by political squabbling.

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