In next 3 decades people will only work for 4 hours  a day. Is that so? At least for now, Jack Ma, the founder of the Chinese e-commerce giant Alibaba just claimed that according to him in the next 30 years people will not work more than 4 hours a day.

Alibaba Group is the company that aims to bring its users the products from all over the world on one platform for buying and selling. During an interview with CNBS  in Detroit while attending the Gateway 17 conference for entrepreneurs he said, “I believe that in the next 30 years’ people will only work for 4 hours a day and possibly only 4 days a week.”

Alibaba founder explained,

“My grandfather worked 16 hours a day in the farmland and [thought he was] very busy. We work eight hours, five days a week and think we are very busy.”

This is not the first time that such prediction has gone viral. Earlier in 1930, one of the famous economist John Maynard Keynes said that by the 2030 people will work 15 hours a week because of increasing automation.

Jack also predicted that the number of trips and vacations would increase. He said,

“Normal people visit, like, 30 places. Thirty years later, they will probably visit 300 places.”

He added, “the next 30 years is going to be painful.”

Jack further added,

“People will reap the benefits of Artificial intelligence (AI) and therefore will have more time to travel. The 52-year-old founder did, however, warn us that humans need to be careful with AI otherwise there is going to be trouble.”

While talking about automation Jack said, “More things get automated, the fewer people will work.”

He further Alibaba founder added, “The first technology revolution caused World War I. The second technology revolution caused World War II. This is the third technology revolution.”

Moreover Jack said,

“We should make sure the machine can do things that human beings cannot do, and we have to prepare now. Because the next 30 years is going to be painful.”

When asked that in between the war of  Humans and Machines  which according to him would win. He said, “Humans.”

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Alibaba Group that operates from China is one of the most famous e-commerce companies of China.
Recently, a delegation from Alibaba Group visited Pakistan. Before this the Prime Minister Nawaz Sharif met the Chairman of the Alibaba Group, Jack Ma at World Economic Forum 2017. There Jack Ma had shown great interest in investing in eCommerce of Pakistan.

Now, during the meeting with the Finance Minister of Pakistan, Mr. Ishaq Dar, and the delegation from China representing Alibaba Group confirmed that the Chairman of Alibaba Group, Mr. Jack Ma, is interested to start a new e-commerce platform in Pakistan.

The delegation was led Max Bittner. The meeting was held at Islamabad and other officials were also present at the meeting.

Finance Minister Ishaq Dar in a meeting with the delegation of Alibaba group in Islamabad on Friday. PHOTO: PID

During their stay, the members of Alibaba Group developed a positive image of Pakistan regarding the efforts and contributions of Pakistan towards e-commerce and IT development. They were very impressed by the way Pakistan has made progress in the fields of IT, Telecom and Broadband penetration.

Finance Minister Ishaq Dar shared that he believes that e-commerce has a great contribution towards economic development. He said that he believes in promoting small business so that these businesses can grow to a great level and can give maximum benefits to the country and its economy.

According to the Minister,

“e-commerce has been doubling in size every year and is projected to surpass US $ 1 billion in 2020. He also remarked that Pakistan has 3G, 4G technologies and more than 11% people are using mobile banking solutions for financial transactions.”

The Minister also said, Pakistan has an adequate ICT infrastructure in place for facilitating fast developing e-commerce sector and there was exponential growth in mobile broadband access to nearly 26 million people.

Expanding the e-commerce would promote socio-economic development and provide employment to many people including women.

We also heard, Alibaba group is interested in acquisition of Pakistan’s largest e-commerce store daraz.pk. Lets wait  for Alibaba Pakistan the big news in coming days soon.

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Alibaba Group Holding Limited is one of the global e-commerce giant. It seems quite interested in the information technology market in Pakistan. Why not? The information technology in Pakistan is growing rapidly and many young and talented people are getting associated with this field. This is making Pakistan a very HOT DESTINATION for investment.

Alibaba is also impressed with the growth of Pakistani economy and specially e-commerce sector, taking the advantage of the correct time and circumstanced Alibaba intends to invest in Pakistan. Before it does so, it is testing the response of the market by launching some of its ventures.

Though recently, Prime Minister Nawaz Sharif and Jack Ma, the founder of Alibaba Group met where they discussed about World Economic Forum in Davos, Switzerland, in which the premier invited Alibaba to explore the growing e-commerce opportunities in Pakistan, the new initiative has nothing to do with it.

It is not the result of meeting but an interest that has developed in Alibaba’s authorities to invest in Pakistani market after observing its current status.

Alibaba has already launched a UCWeb last year in Pakistan. It is a mobile internet company that provides mobile browsing service with the help of UC Browser. The initiative was launched formally.

There is another venture that is no yet formally launched but it has set its step in Pakistan and that is AliExpress. It is an e-commerce ancillary that works in the retail segment in different countries.

AliExpress seems to be a great success already. It has managed to bag 15,000 orders per day in Pakistan. The group keeps looking forward for more opportunities, which is the reason it has recently signed an agreement with local company. According to the agreement the local company intends to provide vendors for smooth operations in Punjab’s first and second-tier cities initially.

The training sessions and work on necessary infrastructure is yet not completed and is in process that is the reason AliExpress has not been launched in Pakistan formally.

Andrea Huang is the Mobile Business Group Head of Marketing in Emerging Markets of Alibaba. According to her UCWeb has acquired 25.3% market share in Pakistan, second after Google Chrome and Firefox.

Huang during an interview over Skype has said,

“We have decided to fully market our product here as we are successfully leading in China, India and Indonesia with a global customer base of 420 million active users. The immense growth in 3G and 4G connections in Pakistan, coupled with a population of over 190 million, was the biggest attraction for formally launching the group’s product.”

Huang also said during the interview,

“It is not easy to penetrate Pakistan’s market in the presence of other web browsers; the biggest challenge is to widen the user base and provide users the best available services within the browser.”

She further added,

“For this, we are investing in our product to keep finding the demand and better services. At present, we don’t have a formal office in Pakistan, but once we expand out of Lahore, Karachi and Islamabad, we will hire a team and open up offices in Pakistan.”

The cloud computing technology was introduced by UC Browser. It became the first ever mobile browser to do so. They took this initiative back in 2004. Huang remained silent about the plans of authorities of UC Web that include Pakistan but she assured that they will keep investing in the upcoming years.

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Chairman Alibaba Group Jack Ma met Prime Minister Nawaz Sharif on the sidelines of the World Economic Forum in Davos. —Nafees Zakaria/Twitter

The Prime Minister of Pakistan Nawaz Sharif met the chairman of Alibaba Group Jack Ma on sidelines of the World Economic Forum in Davos, Switzerland.

The two met this Wednesday and during the meeting Jack showed great interest in investing in e-commerce sector of Pakistan.

Jack Ma has been reported to have said,

“We are ready to invest for establishing an e-commerce platform in Pakistan. Our company was closely monitoring progress of Pakistan’s e-commerce sector.”

Ma also added that he  really wishes to invest in small scale industries of Pakistan. According to stats that were provided by the chairman of Alibaba to the Prime Minster, the Alibaba group has been aiding 60 million companies across the world.

He also said,

” China-Pakistan Economic Corridor (CPEC) would provide opportunities for promotion of the bilateral economic ties between China and Pakistan.”

The Prime Minister was invited by Jack to visit Guangzhou, China where Alibaba has headquarters. On the occasion Nawaz Sharif could not stop himself in praising efforts of Alibaba and the services of Jack.

One of China’s most prestigious and top in online commerce that has user range 90 per cent of the consumer-to-consumer market.

Pak-China friendship has benefited both the countries hope this makes the bond stronger and give benefit to all Pakistan eCommerce.

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