Jack Ma hails prospect of technology in Asia

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Alibaba co-founder Jack Ma is China's third richest person with a net worth of $36.6 billion

KUALA LUMPUR — Jack Ma, founder of China’s e-commerce giant Alibaba, hailed the prospect of technology and Internet in Asia on Wednesday, saying China and companies like Alibaba will take up the responsibility and opportunities to share its technology with the neighbors.

Despite a late comer to the Internet and information technology, governments and entrepreneurs in Asia are showing greater interest in the area, he told audience via video call during South China Morning Post’s China Conference held in the Malaysia’s capital Kuala Lumpur.

“Today I think the big advantage of Asia is the confidence of technology and confidence of the Internet,” he said.

Ma cited Malaysia’s embrace of Electronic World Trade Platform, which was proposed by him, to promote trade and small business, as well as similar examples in countries like Thailand, Indonesia, India and Pakistan.

“All these things show that Asian countries are embracing the technology more aggressively,” he said, while pointing out that people in the West are more concerned about technology, focusing more on regulation.

“Internet was developed in America but I’m sure it will develop much more quickly in Asia,” he said.

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