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Anker Innovations' phone-chargers, cables, batteries, headsets take the world by storm

Apart from guiding companies to adopt advanced international standards, the government should take innovative regulatory measures by using big data and cloud computing technologies, he said.

Apart from helping Africa's growing middle class to bypass the traditional, often more costly, retail channels, the e-commerce platforms are also making it possible for African producers to reduce many of the barriers to access markets around the world. This is crucial for Africa as it seeks to embark on a journey toward industrialization at a time when other regions already have extensive reach and presence in the world markets. E-commerce thus acts as a leveler for emerging African producers and industrialists looking to find foreign markets.

Ant Financial is the world's largest third-party payments platform. JD Finance uses its e-commerce expertise to provide finance across seven business areas, including consumer finance, crowdfunding and payment services. Du Xiaoman Financial provides short-term loan and investment services.

Antoinette Nora Claypoole