72-Hour Global Delivery Could Take Small Businesses to the World, Jack Ma Says
Yicai Global
/SOURCE : Yicai
72-Hour Global Delivery Could Take Small Businesses to the World, Jack Ma Says

(Yicai Global) April 26 -- Massive efforts will be made to connect small businesses with the world by making possible 72-hour global delivery of e-commerce products, Jack Ma, executive chairman of Alibaba Group Holding Ltd. [NYSE:BABA], said at the United Nations Conference on Trade and Development in Geneva. /n/n/n/n/n

Ma, who also a UNCTAD special adver to youth entrepreneurs and small businesses, shared h new vion for global e-commerce yesterday at a forum highlighting the sector's future prospects in developing countries, state-run Xinhua news agency reported. The concept of e-commerce will eventually become a thing of the past and every business (especially those dealing in cross-border trade) will be internet based, Ma predicted.

Globalization and trade will remain a panacea for employment problems in the next 30 years, he said. "Imagine that you operate a tiny business in your own village or town. The emergence of the internet would facilitate sales of your products in other cities and provinces, which would otherwe be difficult -- to the point of impossible."

"E-commerce would not have come to fruition without e-payment," Ma said. "China now boasts 600 million mobile payment accounts. And in India, we have assted 230 million local people in opening accounts on their mobile phones over the past 2 years."

E-commerce primarily about inclusiveness, in which every individual, small and medium-sized enterpre, youngster, and female can have access to opportunities, Ma said. It also about sustainability, without which the economy would be unable to carry on, he said. E-commerce should foster a pleasant and wholesome environment for entrepreneurs, said Ma.

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Keywords: Alibaba , TECHNOLOGY , E-COMMERCE