1. Startups

There is no concrete plan for the establishment of the "Jack Ma Institute" in Indonesia

At the IMF-WB Annual Meeting Bali inaugurated the "10x1000 Tech for Inclusion" program with Alipay and IFC

After the presence of Alibaba Co-Founder Jack Ma at the IMF-WB Annual Meeting some time ago in Bali, the plan to establish the Jack Ma Institute has surfaced again. However, if explored further, the initiative has actually been a discourse since September last year.

The initial idea of ​​establishing the institution came from the government and Ma himself welcomed it. The Alibaba party we contacted said that so far there has been no concrete effort to realize the Jack Ma Institute, so it is not certain what form and when it will be realized.

Ma himself on the occasion stated that he was very excited to be a part of improving competence through education, especially for entrepreneurship. He stressed that his efforts for education had absolutely nothing to do with public relations or marketing activities, purely for development.

10x1000 Tech for Inclusion

On the same occasion, the International Financial Corporation (IFC), a member of the World Bank Group, and Ant Financial Services Group (the operator of Alipay) inaugurated the synergy of the "10x1000 Tech for Inclusion" program. Ma said the program aims to build an interactive and open platform to increase support for leaders in technology.

The program is intended for those who are engaged in efforts to reduce poverty and create basic financial services for people in developing countries. Indonesia is the first country to be involved in this program.

"I believe investing in people means investing in the future. Building talent is one of the most important actions the Alibaba ecosystem can take," said Ma.

The 10x1.000 Tech for Inclusion program will work with local partners from the public and private sectors in developing countries. A series of workshops related to financial technology will be held in China and various countries. This workshop aims to inspire leaders and talented people in the technology field to become “Change Agents” in the digital age.

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