China’s second richest man and the founder of one of the largest E-commerce company in the world Jack Ma expressed his disappointment over slow internet connection in the Philippines.
Mr. Ma who arrived in the Philippines yesterday said that he tested the internet speed in the Philippines, but the results that of his test is not impressive.
He urged the government to improve the speed of the internet in the Philippines which considered as one of the slowest in the world.
“I arrived late last night and tried to test the speed of [the]Philippine internet. It’s no good,” Ma said during his speech at the De La Salle University on Wednesday.
“I encourage the government and entrepreneurship to improve the speed of the internet,” Ma added.
The founder of Alibaba claimed that the world was entering the third technology revolution, it means that there would be around six billion people around the world using the internet in the next decade.
“It is the companies who make full use of tech who will win in the next 30 years,” Ma said.
People in the Philippines blamed the telecommunications companies for the slow internet connection in the country, however, Jack Ma said that telcos should not be blamed for it, citing that China’s internet speed was much worse than the Philippines when he founded Alibaba.
“Honestly it is unfair to blame anybody. Opportunities exist in areas where most people complain. When we started Alibaba, the internet in China was much worse than internet in the Philippines,” Ma said.
“It is great for telecommunication companies to invest. This is the opportunity for everybody,” Ma said.
The China’s richest man was invited to the De La Salle University and awarded him a degree of Doctor of Science for Technopreneurship Honoris Causa.
As of writing, Jack Ma’s current net worth is US$46.9 billion
The internet speed problem in the Philippines made Filipinos suffered for almost a decade.
South Korea, Hongkong and Singapore already got an average of 18-26 mbps average internet connection while the latest reports said that the Philippines got the slowest internet speed in the world.
Filipinos are also paying the one of the most expensive internet services in the world.