Alibaba Founder Jack Ma Says 'Inspired by PM Modi's Speech'

Jack Ma, the founder of China's e-commerce giant Alibaba and who is also China's richest person, is spoke at an event organized by Indian trade body FICCI. Alibaba recently created history with the largest-ever initial public offering (IPO) at nearly $25 billion. In this process, Jack Ma also became one of Asia's wealthiest person, with his personal wealth pegged at nearly $30 billion.

Highlights of his Speech:

• Was inspired by PM Modi's Speech on Doing Business in India
• Hopeful of more business ties between Indian and China
• Hopeful of more Indian vendors selling products to Chinese users via Alibaba
• Indian tea, spices in great demand in China
• India is a great nation with many young people
• India has great products that can sell through our platform in China
• Right now it's a wonderful time for India and China to do business, particularly after the visit Chinese President to India
• We will improve our platform and technology in the future
• Internet is changing the world
• I agree that Internet will change India too
• There is a great opportunity for Indian entrepreneurs to work with their Chinese peers
• Alibaba will work more with Indian suppliers and invest more in India business
• Indo-China business cooperation has a lot of potential