Jack Ma: The next three decades belong to people who can ‘make good use of the internet technology'

Jack Ma, chairman of Alibaba Group, delivers a speech during the opening ceremony of the third World Internet Conference (WIC) in Wuzhen, East China's Zhejiang province, Nov 16, 2016. [Photo/IC]

Jack Ma, chairman of Alibaba Group Holding Ltd, said in his speech at the opening ceremony of the third World Internet Conference (WIC) Wednesday that in the future, data will be the means of production and computing is productivity.

"The next three decades are the most critical years that should be seized by people. As new technologies will be integrated into every aspect of traditional industries, wherever you are, and whoever you are, every one of us will be a part of this great change," Ma said.

He said the next three decades will not be dominated by internet companies, but by enterprises, countries and young people that can "make good use of the internet technology.

"Only by making internet technology and resources available to everyone, we can make benefit significantly to human welfare."