₦airaland Forum

Jack Ma, the founder and executive Chairman of the largest E-commerce website in the world, Alibaba, advised African young entrepreneurs to learn from developed nations and make necessary adjustments to avoid future mistakes, like air pollution in China.

In his lecture titled, “Empowering Young African Entrepreneurs,” Jack Ma said young African entrepreneurs should not copy China but learn from them and other top nations.

According to the billionaire, China emerged from the era of business-to-consumer, B2C, but the future would be about Consumers –consumer to business, C2B.

The entrepreneur who has created more than 33 million jobs in China alone and sold more than $500 billion in sales to date, said because of data technology every manufacturer would be C2B in the future.

“Growing data base would impact the way manufacturing companies approach business and shift the focus to consumers,” said Jack Ma.

Therefore, African businesses that copied China’s model might fail in the future.

However, globalization would help Africa sell to the world but first African entrepreneurs must move fast and leverage Africa’s unique comparative advantage for growth.

“Africa has much more opportunities because of its challenges and young enthusiastic population, therefore, young Africans must be the bridge to the future they desire.”

“Today you only sell in Nairobi, in the future if you can’t sell across Africa. Your business will die because 80-90 percent of all businesses will be online.”

The businessman launched a US$10 million African Young Entrepreneurs Fund to support African start-ups.

“This is my money, so I don’t have to get anybody’s approval,” said the man who has always complained about the danger of government’s bureaucratic nature to growth. “I want the fund to support African online businesses,” he added.

http://investorsking.com/africa-should-not-copy-chinas-model-but-be-africa-jack-ma/ mynd44

Acculturation is our thing.

Josephjnr:
Acculturation is our thing.

Lol! Guy you're wicked

smartty68:
Lol! Guy you're wicked

Na fact o.

Josephjnr:
Na fact o.

Yeah! Na blackman mentality

It is called Glocal meaning you think globally but apply it to your local needs. Do not copy a system in its entirety without taken into consideration the factor of your locality

What are we to do when our government keeps parnering with china to do this and that channeling millions of dollars into their federal reserve bank!!!

yanabasee:
What are we to do when our government keeps parnering with china to do this and that channeling millions of dollars into their federal reserve bank!!!

That is infrastructural development, its normal even US and other developed nations partner other countries for growth.

Truth234:
That is infrastructural development, its normal even US and other developed nations partner other countries for growth.

US partners with countries that is based on standard products...Like Japan... and even if they'd partner with China, China will produce to them standard products... Reasons American youths have a good sense of original things!!!

yanabasee:
US partners with countries that is based on standard products...Like Japan... and even if they'd partner with China, China will produce to them standard products... Reasons American youths have a good sense of original things!!!

You don't seem to understand that US work more with China, the second largest economy in the world, than any other nation.

However, products standard are dictated by purchase managers in accordance with the US quality control standard. Again, that is not the reason American youths have a good sense of quality, it's common sense! But here, high youths unemployment and underemployment of over 47% of working population dictate what youths buy and how they buy, a key factor in price determinant. mynd44

Truth234:
You don't seem to understand that US work more with China, the second largest economy in the world, than any other nation.

However, products standard are dictated by purchase managers in accordance with the US quality control standard. Again, that is not the reason American youths have a good sense of quality, it's common sense! But here, high youths unemployment and underemployment of over 47% of working population dictate what youths buy and how they buy, a key factor in price determinant. mynd44

There are many factors to which youths get affected to... when you surround yourself with good quality products, you tend to create quality products, for those who are creatively genius....

Like I insinuated earlier.... America partners with many countries aside China.... If China produces an item an targets US as its market area...The said products will be of higher quality compare to what they produce and send to Africa.

We have low quality gadget accessories in almost all Nigerian markets... But we don't have such in America.

izzou:
This man created 33 million jobs

Choi.

Heavenly Father, bestow me with creative ideas.

AMEN 0h

despite he worships buddah he could create 33million jobs alone,chineke GOD pls give me ideas to create 5000