JACK MA ARRIVES IN KENYA WITH 38 BILLIONAIRES

July 24, 2017 News Leave a comment 847 Views

Executive chairperson of Chinese e-commerce giant Alibaba Jack Ma hit the ground running when he landed in Nairobi on Thursday.

China’s richest man has arrived in Kenya with a planeload of billionaires. They’ll be looking to cut multi-billion-shilling deals with government and local businessmen.

Executive chairperson of Chinese e-commerce giant Alibaba Jack Ma hit the ground running when he landed in Nairobi on Thursday.

He spoke at the capital’s university, offering Kenyan youth tips on how to build successful business empires.

Ma has often advised developing countries to beware of creating regulations and taxes that could kill small businesses before they even get a chance to stabilize.

In Kenya, he spoke of how opportunities for trade can increase through the use of e-commerce. He also advised the aspiring business leaders he met on how to be successful.

Africa’s young generation has been setting global trends in innovation and technology. This incredible feat has been supported by policies and structures put in place by governments in countries like Rwanda and Kenya.

With a personal fortune of $30 billion, which is half of Kenya’s economic output, Ma is accompanied by an entourage of 38 Chinese billionaires. They include internet tycoon Bob Xu, Alibaba’s founding partner Lucy Peng, founder and chairman of Mengniu Dairy Niu Gensheng and real estate tycoon Huang Youlong.

They scouted for business opportunities in east Africa’s largest economy where Chinese influence has been rapidly rising.

JACK MA ARRIVES IN KENYA WITH 38 BILLIONAIRES

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