However, he did not mention when Jack Ma Institute of Entrepreneurs would launch. The aim behind this move is to train 1,000 tech leaders a year over the next 10 years.
“We’re giving a lot of opportunities for young Indonesian people to learn,” Jack Ma said. The co-founder of Alibaba said it is important for Indonesia to invest in human capital because “only when people improve, when people’s minds change, when people’s skills improve, then we can enter the digital period”.
Talking about Indonesia, the country has a lack of trained engineers in technology and the institute will also train hundreds of developers and engineers on cloud computing to help make Indonesian businesses more competent.
Alibaba’s Jack Ma is taking this step because Indonesia is a key market for Alibaba, whose cloud computing arm Alibaba Cloud launched a data centre in Indonesia in March.
Indonesian Communications Minister Rudiantara also stated in September that Indonesia was collaborating with Ma to look into ways to harness Alibaba’s businesses.