Jack Ma, executive chairman of China’s Alibaba Group Holding, said on 13 October he plans to open an institute to train thousands of tech entrepreneurs in Indonesia, where he is already an adviser to the government on e-commerce, Reuters reports. Alibaba made the first major Chinese investment in Southeast Asia’s tech sector in April 2016 when it paid $1 billion for a 51 per cent stake in Lazada, the region’s largest e-commerce platform. Alibaba has also bet big on Tokopedia, Indonesia’s largest e-commerce firm, Fortune reports. Speaking with World Bank President Jim Yong Kim at a conference in Bali, Ma contrasted the business environment in the West with developing countries, saying that the former is over-regulated, while the latter tend to be more committed to change due to the nature of challenges that they face.