World should focus more on small businesses, young people: Jack Ma
The world should make sure small businesses and developing countries benefit from globalization and offer young people opportunities to be involved in global issues, said Jack Ma, founder and chairman of China's online retail giant Alibaba.
Ma said at the Bloomberg Global Business Forum held in New York City on Wednesday that the world used to focus on supporting 20 percent of the big companies and that the situation has to change.
"I'm a believer of small is beautiful and small is powerful," said Ma in his remarks.
He urged the world to start focusing on the rest 80 percent of the businesses that have not had much support in the past.
Developing countries also deserve more attention in the global efforts of creating a more inclusive, sustainable, and healthy environment, he added.
"The world not only need G20, B20, we need G200 and B200," said Ma.
In his speech, Ma placed special emphasis on reforming education for young people in order to prepare them for the era of data technology.
On the young generation, Ma said "they do not want to get informed, they want to be involved."
He said that technology has destroyed many jobs but at the same time brought a lot of opportunities.
Countries around the world should teach the "kids to be very, very innovative, very creative" so that the kids will seize those opportunities, he added.
Related articles
Israeli airstrike kills 14 in Gaza's refugee camp
People walk past damaged buildings after an Israeli airstrike in Maghazi refugee camp, central Gaza2024-04-30Report: Chinese swimmers were allowed to compete at Tokyo Olympics despite positive doping tests
SYDNEY (AP) — An Australian newspaper says 23 Chinese swimmers were cleared to compete at the Tokyo2024-04-30Dick Van Dyke earns historic Daytime Emmy nomination at...
Dick Van Dyke has become the oldest Daytime Emmy nominee in history at age 98.The actor was nominate2024-04-30The Rolling Stones' US tour 'set to feature iconic popstar after setlist leak'
As The Rolling Stones prepare to head out on their sold out tour, it seems the legendary rock band c2024-04-30Astros promote 1B prospect Loperfido as Abreu's struggles continue for slumping team
HOUSTON (AP) — The Houston Astros are promoting first baseman Joey Loperfido from Triple-A Sugar Lan2024-04-30Saudi Arabia extends voluntary cut of oil production
RIYADH, March 3 (Xinhua) -- Saudi Arabia announced on Sunday the extension of its voluntary cut of o2024-04-30
atest comment