Jack Ma to open institute for tech entrepreneurs in Indonesia

Jack Ma. Photographer: Tomohiro Ohsumi/Bloomberg

Jack Ma, executive chairman of China’s Alibaba Group Holding, said on Saturday he is discussing with Indonesia’s government the possibility of opening an institute to train tech entrepreneurs in the Southeast Asian country.

Ma, who already advises the government on e-commerce, said he had talks with the government about opening a Jack Ma Institute of Entrepreneurs, but no specific details had been agreed.

“We’re giving a lot of opportunities for young Indonesian people to learn,” Ma told reporters after meeting Indonesian ministers on the sidelines of the International Monetary Fund and World Bank meetings being hosted by Indonesia.

The co-founder of Alibaba, China’s biggest e-commerce firm, said it is important for Indonesia to invest in human capital because “only when people improve, when people’s minds change, when people’s skills improve, then we can enter the digital period”.

Indonesia has a shortage of trained engineers in technology and Jack Ma said Alibaba will train hundreds of developers and engineers on cloud computing to help make Indonesian businesses more digital-savvy.

The country is a key market for Alibaba, whose cloud computing arm Alibaba Cloud launched a data centre in Indonesia in March.

Ma said his company would continue to invest “not only on e-commerce, but also cloud computing, logistics and…infrastructure” in Indonesia, while also helping local businesses to grow.

Indonesian Communications Minister Rudiantara told Reuters in September that Indonesia was partnering with Ma to look into ways to harness Alibaba’s businesses to increase its exports, particularly to China.

McKinsey estimated in a report released on Aug. 30 that the value of Indonesia’s e-commerce market will surge to at least $55 billion (£42 billion) by 2022 from $8 billion in 2017.

On Friday, Ma told a panel discussion at the IMF and World Bank meetings that “the internet is designed for developing countries”, with “great opportunities in Africa” also.

Reuters

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.