US-CHINA TENSIONS
Alibaba’s Jack Ma says US-China trade war ends promise of 1-million jobs
Bengaluru/San Francisco/Beijing — Alibaba chairman Jack Ma says the company can no longer meet its promise to create 1-million jobs in the US due to US-China trade tensions, Chinese news agency Xinhua has reported. Ma has already warned that the trade war between the world’s two largest economies could last decades and that China should focus exports on the "Silk Road" trade route, citing Africa, Southeast Asia and Europe. Ma met US President Donald Trump two years ago and laid out the Chinese e-commerce giant’s plan to bring 1-million small US businesses on to its platform to sell to Chinese consumers over the next five years. "This commitment," Ma told Xinhua, "is based on friendly China-US co-operation and the rational and objective premise of bilateral trade. The current situation has already destroyed the original premise. There is no way to deliver the promise." Tmall and Taobao While Ma has not detailed how he would add those jobs, he had said he wanted to encourage American ...
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