Jack Ma outlines e-commerce vision for China

The founder of Alibaba Group speaks to investors at an annual Credit Suisse conference ahead of stepping down as CEO in May.

Jack Ma outlines e-commerce vision for China

In five years, e-commerce will account for 30% of total retail sales in China, Alibaba chairman and CEO Jack Ma said yesterday in a passionate speech that displayed his unwavering belief in the continuing development of the sector.

“Traditional businesses still think e-commerce is a business model. It is not, it is a lifestyle,” he told the audience at Credit Suisse’s Asian Investment Conference, adding that in 10 years nobody will talk about e-commerce as...

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