UNCTAD adviser, Alibaba’s Jack Ma, launches African Young Entrepreneurs Fund
“I want that fund supporting African online businesses,” said Mr. Ma, who is Special Adviser to UNCTAD for Youth Entrepreneurship and Small Business.
“The money is set. This is my money, so I don’t have to get anybody’s approval,” he said, adding that he was poised to hire staff for the fund, set to begin operations this year.
Mr. Ma said that he would also work with UNCTAD help bring 200 budding African businesspeople to his homeland China to learn from Alibaba hands on.
“I want them to go to China, meeting our people, seeing all the things we have been doing, all the great ideas China has,” he said.
“They know what they want. And when they know what they want, we can support it,” he added.