BEHIND THE WORDS: Four Key Insights from Jack Ma on the Digital Economy

October 28th, 2017
Presidential Adviser for Entrepreneurship Joey Concepcion moderated a forum with Dr. Jack Ma which kicked off with Concepcion asking Ma for his advice from many traditional businessmen in the audience. Concepcion followed up with a question asking Ma on his perspective on creating more access for small entrepreneurs to money, markets and mentorship.

Presidential Adviser for Entrepreneurship Joey Concepcion moderated a forum with Dr. Jack Ma which kicked off with Concepcion asking Ma for his advice from many traditional businessmen in the audience. Concepcion followed up with a question asking Ma on his perspective on creating more access for small entrepreneurs to money, markets and mentorship.

Dr. Jack Ma’s a-little-more-than-24-hours visit has still left a lingering impact on the FIlipino community. Just hours after his appearance in De La Salle University, telcos and the governement have already announced their commitment to improve the speed of the Philippines’ internet, and various fintech solutions have been launched with influential local businesses. Reeling from quite a momentous event, we’ve compiled a list of four moments during Ma’s visit wherein he gave valuable insights on the most pertinent issues in a growingly digital and globalized world.

Robbie Antonio (CEO of Revolution Precrafted) questioned Jack Ma on his perspective on blockchain technology (bitcons) and cryptocurrency). In his reply, Ma shares that he’s a believer of the tech and asks what measures can be done to ensure the safest and most efficient way of doing transactions.

Nix Toledo (CEO of Xurpas) asked Jack Ma how traditional businesses should view the East World Trade Platform of China. Ma answers by saying that the EWTP will greatly favor small businesses versus the WTO which largely favored large businesses.

Leandro Leviste (Founder of Solar Philippines) asked Jack Ma regarding his ideas addressing developing world problems in energy, infrastructure and agricuture for poverty alleviation. Ma’s answer gave a comprehensive answer which drew from his experiece as the head of Alibaba.

Myla Villanueva (Managing Director, Novarre Technologies) asked Jack Ma regarding his take on artificial intelligence and the future. Ma posits that AI is the wrong term and it should be called machine intelligence.