China's digital economy to create 400 million jobs by 2035, Alibaba to generate 100 million: Report

A staggering 400 million jobs are expected to be created by 2035 in China courtesy its digital boom.The nation's e-commerce giant Alibaba is generating 100 million of them, a report has said.

Internet-based economy could be worth USD 16 trillion by then, according to a Boston Consulting Group report that was released at a new economy summit sponsored by Alibaba Group on Sunday.

Alibaba, China's biggest online trader, is expected to generate over 100 million of those jobs, according to the report, with 30 million created last year.

As jobs are created, digital technology like cloud computing and artificial intelligence will replace more and more manpower, the report was quoted by the state-run Xinhua news agency as saying.

Meanwhile, 20 per cent of the world's population will become self-employed or freelance via the Internet in the next decade, Alibaba Vice President Gao Hongbing said at the summit.

The digital economy will surpass the manufacturing sector in scale and account for a quarter of the world's economy, Gao said.