Alibaba's Ma Yun launches initiative to help young African entrepreneurs

Chinese Alibaba's Chairman Ma Yun (2nd L) takes a selfie with honor guests during the conference "The Rise of Africa's Digital Lions" in Johannesburg, South Africa, on Aug. 8, 2018. Chinese e-commerce giant Alibaba's Chairman Ma Yun launched on Wednesday here the Netpreneur Prize to support exemplary African business leaders. The prize will award 10 million U.S. dollars to 100 African entrepreneurs over the next 10 years focused on grassroots innovation, economic empowerment of women and small business. (Xinhua/Chen Cheng)