Chinese billionaire Jack Ma could hold advisory post in Malaysia

Oct 31, 2016
Alibaba Group Holdings Ltd. founder Jack Ma was the first mainland Chinese entrepreneur to appear on the cover of Forbes.
Alibaba Group Holdings Ltd. founder Jack Ma was the first mainland Chinese entrepreneur to appear on the cover of Forbes.

Alibaba Group founder Jack Ma may be offered an advisory post to help Malaysia develop its digital economy, the Treasury secretary-general Mohd Irwan Serigar Abdullah said today.

“We will discuss with him about bringing his ideas, and there’s also talk about appointing him to the digital councils in Malaysia, to get his ideas,” he told Malaysian media upon arrival in Beijing as part of Prime Minister Najib Razak’s delegation.

The digital economy is going to be “in thing” now and for the next 10-20 years, and Mohd Irwan said cooperation with China would benefit Malaysia in terms of human capital development and economic progress.

NST reported that Najib would meet with Ma as part of his official visit to China starting Monday.

The prime minister will have a roundtable meeting with 30 captains of industry from China, as well as deliver a keynote address at the Malaysia-China Business Forum on November 1.

Ma, the first mainland Chinese entrepreneur to appear on the cover of Forbes, will also speak at the forum.

The Alibaba Group is a family of successful Internet-based companies, and was the largest IPO in US history in 2014.

Jack Ma’s net worth is currently estimated at US$37.1 billion.

Najib will also launch a travel portal, Alitrip Malaysia Tourism Pavilion, in which Malaysian tourism destinations would be featured.

Alitrip — part of the Alibaba Group — is an e-commerce platform to help tourists, especially from China, to learn about new tourist destinations.

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