(Reuters) – Indonesia will partner with Alibaba’s (BABA.N) CEO Jack Ma to look into ways to use Alibaba’s ecosystem to increase its exports, particularly to China, its communications minister told Reuters on Sunday.
FILE PHOTO: Alibaba Group co-founder and executive chairman Jack Ma speaks during a news conference in Hong Kong, China, June 25, 2018. REUTERS/Bobby Yip
“We are also discussing how to work together to develop tech talents to meet the needs of Indonesia and the region,” Indonesian minister Rudiantara said after meeting Ma and Indonesian President Joko Widodo on Saturday.
The Alibaba founder and CEO, who was in Jakarta for the 2018 Asian Games, was named an e-commerce adviser to the Indonesian government in 2017.
McKinsey estimated in a report released on Aug. 30 that the value of Indonesia’s e-commerce market will grow to at least $55 billion (£42.4 billion) by 2022 from $8 billion in 2017.
Alibaba is China’s biggest e-commerce firm, but its ecosystem includes payments platform Alipay and a cloud computing arm.
Rudiantara, who uses only one name, told Reuters the details of the deal would be finalised during a second visit by Ma in October.
Reporting by Cindy Silviana and Fanny Potkin; Editing by Alison Williams/David Evans