The development of the digital economy and advancements of new technology are expected to bring more opportunities to small and medium enterprises, or SMEs, through globalization on an electronic world trade platform.
E-WTP and globalization
Speaking during a session of the Belt and Road Forum for International Cooperation, Jack Ma, executive chair of Chinese e-commerce giant Alibaba, has called for fair globalization.
"The world needs to have more free trade, be fairer and more inclusive, and globalization is the capability to serve the world. The core value of globalization is to create jobs, create values for local people. We should care more about developing countries, care more about SMEs, and care more about young people," said Ma.
Alibaba's electronic world trade platform, the e-WTP, is being described as a new tool to battle with trade protectionism and a perceived rise in anti-globalization sentiment the past few years.
