- Title: Alibaba executive chairman says he would consider investing in Kenya
- Date: 20th July 2017
- Summary: NAIROBI, KENYA (JULY 20, 2017) (REUTERS) ***WARNING CONTAINS FLASH PHOTOGRAPHY*** ALIBABA EXECUTIVE CHAIRMAN, JACK MA, WALKING ONTO STAGE VARIOUS OF AUDIENCE LISTENING (SOUNDBITE) (English) EXECUTIVE CHAIRMAN OF ALIBABA GROUP, JACK MA, SAYING: "The whole world today is worried, I don't know why, everybody is worried. The whole world today is puzzled but Africa, I see people have a passion, people have ideas, people say this is the future because I think we have nothing to lose. Europe has a lot to lose, America has a lot to lose, those countries worry about losing, they have a lot of puzzles, but Africa I don't think you have anything to lose." MA SPEAKING ON STAGE, AUDIENCE LISTENING VARIOUS OF AUDIENCE LISTENING (SOUNDBITE) (English) EXECUTIVE CHAIRMAN OF ALIBABA GROUP, JACK MA, SAYING: "Think about China, China is the kitchen of the world. Very dirty now, the air pollution. So Africa develop, you don't have to follow the other countries' model, Africa should be Africa, using the new technology, protect the environment, protect the animals. It is easy to build buildings but it is difficult to call the animals back." PEOPLE IN AUDITORIUM
- Embargoed: 3rd August 2017 19:42
- Keywords: Jack Ma Alibaba Chinese executive Africa investment Kenya investment e-commerce firm
- Location: NAIROBI, KENYA
- City: NAIROBI, KENYA
- Country: Kenya
- Reuters ID: LVA0016QIWYFB
- Aspect Ratio: 16:9
- Story Text: Alibaba executive chairman Jack Ma said on Thursday (July 20) that his company would consider a joint venture with a Kenyan investor after meeting young entrepreneurs and being impressed by the East African nation's broadband infrastructure.
Ma, who founded the Hangzhou-based e-commerce firm, said he would make a firm announcement on investment at a later date, adding that the dozens of Chinese entrepreneurs who accompanied him had also been stirred by locals' drive to build businesses.
Earlier, Ma met Kenyan president Uhuru Kenyatta where they held discussions centred on how to empower the youth through trade and innovation.
Ma, accompanied by 38 members of Chinese Chamber of Commerce who were in the country in search of multi-billion dollar business opportunities, gave a speech praising Africa's passion and ingenuity, saying the continent did not need to follow the development previously used by other countries.
- Copyright Holder: REUTERS
- Copyright Notice: (c) Copyright Thomson Reuters 2017. Open For Restrictions - http://about.reuters.com/fulllegal.asp
- Usage Terms/Restrictions: None