(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.
Ma, who is also a UNCTAD special adviser to youth entrepreneurs and small businesses, shared his new vision 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 otherwise 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 assisted 230 million local people in opening accounts on their mobile phones over the past 2 years."
E-commerce is primarily about inclusiveness, in which every individual, small and medium-sized enterprise, youngster, and female can have access to opportunities, Ma said. It is 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.