Will SMEs Own the Future?
"In the past 30 years, globalisation featured 60,000 big companies,” Mr Ma said. “What if we can make hundreds and thousands of small businesses get involved? If we can make small businesses get involved in e-commerce [and] global trade, that would help a lot.”
Formerly a teacher, Jack Ma is the founder and chairman of the Chinese e-commerce behemoth Alibaba – a company that is rapidly morphing into a media and finance conglomerate.
Austrade has recently entered into a 'strategic partnership' with Alibaba which has just opened an office in Australia this year and Westpac reports that 29 per cent of Westpac’s SME customers believe their level of business activity has been stronger than experienced in the period between 2011 and 2015, 31% reported it was weaker. 40% reported it as being the same.(Source HERE)
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