News & Press: Power Retail News

Jack Ma on New Retail, Technology and Globalisation

Thursday, 19 October 2017  
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“Today, we see the endless possibilities that technology and innovation can bring to improving society and people’s lives,” wrote Ma in his a letter to shareholders just ahead of Alibaba Group’s annual general meeting that will be held in China today.

“The world as we know it will be dramatically changed by the advent of new technology in the coming 30 years. The internet will no longer be the sole domain of so-called internet companies; the internet will work for every company. We see transformation rapidly taking place in many industries, with internet technologies serving as the catalyst for revolutionary change. Eighteen years ago, we saw that changing of the business landscape in China could bring tremendous opportunities.” Read more...