The Reason Behind Philippines' Partnership with Alibaba
The Philippines has invited Jack Ma and his Alibaba Group to partner with President Rodrigo Duterte in helping to improve technology for governance and to assist in building an inclusive financial system that would aid small businesses, Bloomberg.com quoted Finance Secretary Carlos Dominguez as saying recently.
Ma, in a meeting with Philippine government officials in Hangzhou on Feb. 1, said the Philippines had huge potential to embrace the technology revolution because e-commerce was specifically designed for developing economies, according to a statement from the Philippine finance department.
Dominguez said Duterte was impressed with Ma when they met in Manila in November, and the Philippine leader issued instructions to pursue discussions with the technology entrepreneur to find common areas that Alibaba and the Philippine government could pursue together.
Source :Bloomberg Politics