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Jack Ma - Alibaba's Investment in RI
Natalia JIC - Friday 17th May 2019 08:00 WIB

Jakarta - Who doesn't know Jack Ma, a Chinese businessman. He is the founder and Executive Chair of the Alibaba Group, the largest e-commerce company in China. He is the first Mainland Chinese citizen to appear in Forbes magazine and is listed as a world billionaire. In 2015, he was on the list of the most influential people in the world in number 22. Jack Ma is from a family of musicians and narrators in Hangzhou, China. He had lived bitterly during the Cultural Revolution and had various failures. However, the man rose, built the Alibaba website, and is now the second richest person in his country. Currently the founder of Jack Ma, the world's largest e-commerce, Alibaba Group Holdings Limited (NYSE: BABA), has officially announced his resignation and Daniel Zhang will continue the leadership of Jack Ma as Chairman of the Alibaba Group Group. Regarding Indonesia, Jack Ma is an e-commerce advisor for President Joko Widodo's government.


Alibaba Group. Regarding Indonesia, Jack Ma is an e-commerce advisor for President Joko Widodo's government.


Alibaba under Jack Ma has indeed invested in Indonesia through two large companies in the e-commerce sector, namely Tokopedia and Lazada.


In 2017, Alibaba injected US $ 1.1 billion (Rp. 16.2 trillion) into Tokopedia, a domestic e-commerce company founded by William Tanuwidjaja. In addition, the Jack Ma company also provided an additional investment of $ 2 billion to Lazada Group, which also increased its share ownership in the company.


Lazada is an e-commerce based in Singapore and has been operating in Indonesia, Malaysia, the Philippines, Thailand and Vietnam. Previously, Alibaba had injected $ 2 billion in funds and owned 83% of Lazada Group shares.


Based on searches from various sources, following the movements of the Alibaba Group business in Indonesia, namely:

1. Minority Shareholders on Tokopedia

2. Majority Share Owners at Lazada

3. Collaboration with J & T Express

4. Invest in True E-Money and Money Services

5. Merging Lazada Payment Services, HelloPay


Jack Ma stressed that Alibaba's presence in Indonesia is not to compete with domestic financial technology (fintech) industry players. He claimed that Alibaba actually wanted to encourage fintech players in Indonesia to grow and develop their business.


Therefore, Jack Ma hopes that Alibaba can play a role in supporting training for domestic fintech players. According to him, this contribution can make the local fintech industry determine its own business direction.