Jack Ma, the billionaire CEO of Alibaba Group, will host a global conference on May 20 focusing on support for women to start up businesses, Beijing Morning News reported.
Ma has publicly encouraged women to do business for enjoyment, and has been vocally optimistic about the prospect of women's entrepreneurship.
"The dot-com economy is about experience. Women were born with good intuition in this aspect," said Ma. "The Internet provides an opportunity to women, who are independent, confident, strong and self-esteemed, and allows them to pursue their dreams like their male peers."
It is reported that Ma will be the only male guest or speaker at the conference, and he will invite 800 women from home and abroad to attend.
Editor-in-chief of Huffington Post, Arianna Huffington, American actress Jessica Alba and CEO of Didi Taxi, Liu Qing, are expected to show up.
As an Internet giant, Alibaba Group has a high proportion of women employees. Forty percent of its employees are women and 9 of its 30 partners are female.
When the company began public trading in the U.S. in September 2014, five of its eight bell ringers were women.
Data shows that 55 percent of Alibaba's Taobao (China's most popular e-commerce marketplace) users are women.
On Singles' Day in 2014, Chinese shoppers spent U.S. $9.34 billion online in only 24 hours. The top-selling category that day was beauty products. Ma personally thanked China’s women on China Central Television (CCTV) for their involvement.
(Source: Beijing Morning News/Translated and edited by Women of China)
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