KIGALI, July 21 -- To achieve win-win situation in Africa, Chinese companies have to build business and develop local partnership in Africa, said Jack Ma, founder of Chinese e-commerce giant Alibaba, on Friday.
"We have to build business here. Spending time training and developing local people, and developing local partnership," he made the remarks at a press conference after attending YouthConnekt Africa Summit in Kigali, capital city of Rwanda from 19-21 July 2017.
Because you cannot build your own business by your own people in Africa, you have to partner with African people, said Ma, who is also the special advisor of the United Nations Conference on Trade and Development (UNCTAD).
"If I come to Africa, I will think about first, how many jobs I can create, how many taxes I can pay, what other things I can do that other companies can't do, when I leave here, can I also leave experienced Chinese or African experts that stay in Africa and continue to do business," he said.
The three-day summit was organized by the government of Rwanda, UNCTAD and United Nations Development Program.
The summit is dubbed "Realizing Africa's Youth Potential."
It has attracted over 3,000 participants including top executives from multinational companies, leaders of civil society organizations, Africa's development partners, members of the academia and youth entrepreneurs from 90 countries to interact and discuss on enhancing the potential of the youth in Africa, according to the organizers.
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