[060417.EN.BIZ] 30pc Of Digital Jobs in China by 2035 May Be Created Through Alibaba: Study

ALIBABA could prove the driving force behind 112 million jobs out of 415 million total jobs available in China's digital economy in 2035, according to a report published by the Boston Consulting Group (BCG).

"If Alibaba's emerging businesses, such as cloud computing and digital entertainment, play a strong future role as well," a BCG said. "we can expect another 10 million jobs by 2035 for a total of 122 million jobs," or 30 per cent of the projected total.

Alibaba's e-commerce platform has already created 31 million jobs, according to a 2016 study by Renmin University. The majority of these jobs "come through the creation of new online businesses using Alibaba's platform," the study said, as well as through "ancillary businesses that grew up around it, such as logistics".

BCG estimates in its "Year 2035" study that China's digital economy will comprise 48 per cent of the country's total economy in 2035, or US$16 trillion in spending, up from 13 per cent and $1.4 trillion in 2015, respectively, representing 100 million jobs.

China's e-commerce marketplace has progressed to reach rural and less-affluent consumers through a string of low-cost, low-tech alternatives. More than 1,300 "Taobao villages," or rural e-commerce outposts, have emerged along the economic periphery.

Source : HKSG.