Chinese billionaire Jack Ma on Monday toured Maasai Mara National Reserve
after a trip in Tanzania..
He was accompanied by Tourism CS
Najib Balala and UNCTAD secretary general Mukhisa Kituyi.
Ma took his first trip to Africa with 30 Chinese billionaires. He
addressed the business community and students at the University of Nairobi last Thursday.
The founder and executive chairman of online retail giant Alibaba seeks to empower youths through trade and innovation.
UNCTAD secretary general Mukhisa Kituyi, Alibaba founder Jack Ma and Tourism CS Najib Balala at Maasai Mara, July 24, 2017. /COURTESY
Ma said Kenya can create more opportunities for trade through e-commerce and grabbing opportunities under third Internet revolution.
He also discussed youth empowerment through entrepreneurship with President Uhuru Kenyatta.
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Alibaba founder Jack Ma with Tourism CS Najib Balala at Maasai Mara, July 24, 2017. /COURTESY
According to Forbes, Jack is worth an estimated $29 billion and this includes his 7.8 per centstake in the Alibaba Group — China's answer to Amazon — and close to 50 per cent stake in the payment-processing service, Alipay.
Although Alibaba and Ma aren't household names outside China, it's worth noting that Alibaba is worth more than Facebook and processes goods more than eBay and Amazon combined.