NEW YORK

The world should make sure small businesses and developing countries benefit from globalisation and offer young people opportunities to be involved in global issues, said Jack Ma, founder and chairman of China’s online retail giant Alibaba.

Speaking at the Bloomberg Global Business Forum in New York City, Ma said the world used to focus on supporting 20 per cent of the big companies, adding that the situation has to change.

"I’m a believer of small is beautiful and small is powerful,” he said in his remarks on Wednesday.

He urged the world to start focusing on the rest 80 per cent of the businesses that have not had much support in the past. Developing countries also deserve more attention in the global efforts of creating a more inclusive, sustainable, and healthy environment, he added. Xinhua.