Alibaba founder talks to Kenya

Alibaba founder and executive chairman Jack Ma. FILE | NATION MEDIA GROUP 

Jack Ma, the founder and executive chairman of Chinese e-commerce behemoth Alibaba, Thursday afternoon delivered a speech at Kenya's pioneer University of Nairobi.

He offered Kenyan youth tips on how to build successful business empires.

Asia’s richest man sand his team of super-rich Chinese, had jetted into Nairobi Wednesday evening, for a packed two-day visit.

Internet tycoon

Mr Ma boasts a fortune of nearly $30 billion or nearly half of Kenya’s economic output.

His entourage include Internet tycoon Bob Xu, Alibaba’s founding partner Lucy Peng, founder and chairman of Mengniu Dairy Niu Gensheng and real estate tycoon Huang Youlong.

The 38 men and women, from the Beijing Chamber of Commerce, are looking to cut multibillion-shilling deals with the Kenya government and local businessmen.

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