(Bloomberg) -- Alibaba Group Holding Ltd., China’s biggest online emporium, “will do anything to share technology” with Africa, founder and Chairman Jack Ma said.
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“The opportunity in e-commerce in Africa lies in the fact that Africa is lacking logistics, infrastructure and payment systems,” Ma said at a conference in Johannesburg Wednesday, after he met South African President Cyril Ramaphosa and discussed implementing more favorable tax conditions for start-ups in the continent’s most-industrialized economy.
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Ma has set aside $10 million for a fund for African entrepreneurs and said his next visit to the continent will be to Nigeria, the region’s most-populous nation.
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