Jack Ma talks about ecommerce , AI , Machine learning at Gateway Keynote

Jack Ma

Richest person in China , 2017 

Founder and executive chairman of Alibaba Group

Net Worth :  39.1 billion USD

Source : Wikipedia

Here are some of key highlights of keynote speech ,

  • Today its an era of Data Technology not Information Technology
  • Currently around 800 million people shop online , next 20 years 3 billion people will switch to e-commerce
  • In next 20 years 60% people will shop onlineOn singles day Alibaba sold  $18 billion USD
  • If it is a challenge for big company then its an opportunity for small business
  • Service and tourism industry will create lot of jobs.
  • Due to  AI manufacturing industry will get affected.
  • Every small business must be globalize , future will be consumer 2 business (C2B)
  • China delivers over 80 millon packages a dayToday
  • China has 300 million middle class which is almost equal to US entire popullation

Watch here full speech of Jack Ma ,

Cheers,

RVD