Jack Ma, founder of e-commerce giant Alibaba and Chinese billionaire is visiting Kenya in what he has said is a trip to inspire young entrepreneurs.
Ma is on a three day visit to Africa, his first time on the continent, from July 19 to 21 where he is expected to attend the Youth Connekt Africa Summit in Rwanda.
In his entourage are 38 other billionaires, including Internet tycoon Bob Xu, Alibaba’s founding partner Lucy Peng, founder and chairman of Mengniu Dairy Niu Gensheng, and real estate tycoon Huang Youlong, reports.
Jack Ma is a special adviser for youth entrepreneurship and small businesses for the United Nations Conference on Trade and Development (UNCTAD).
“I came here (Africa) to share the entrepreneurial dream not to sell Chinese products,” Ma said.
The billionaire has dropped several nuggets of wisdom on starting a business, including:
“Individual commitment to a group effort, that is what makes a team work, a company, a society, a civilization… work.”
“Find people who can be your boss, not those who are willing to be your servants. That is how you’ll grow.”
“When you’re profitable, after paying your employees, you can then pay yourself as an entrepreneur.”
“Opportunities are always found where people complain”
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