Alibaba's Ma says 1m US jobs pledge thwarted by trade row

Alibaba's Ma says 1m US jobs pledge thwarted by trade row

Alibaba founder Jack Ma said his ambitious pledge to create one million jobs in the USA had been scuppered by the trade row between Beijing and Washington, Chinese state news reported Thursday.

Alibaba Chairman Jack Ma said his Chinese e-commerce giant no longer plans to create one million jobs in the United States due to the U.S.

The billionaire owner of China's largest online shopping portal made the headline-grabbing promise to Donald Trump previous year, as Beijing courted the then-newly elected president.

He said Alibaba has always worked towards the goal of "making it easy and fun to do business".

'Even if Donald Trump retired, the new president will come, it will still continue.We need new trade rules, we need to upgrade the WTO, ' he said, referring to the World Trade Organization. Alibaba countered that it had taken aggressive steps to tackle the problem, and said it had become a scapegoat under a US protectionist agenda.

"We should work more in Africa, SEA (South East Asia), Europe", he said.

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The Chinese firm said the new subsidiary would make customised AI chips and embedded processors to support the firm's push into fast growing cloud and internet of things (IoT) businesses.

Ma told Xinhua he believes trade should never be used as a "weapon".

Even then, some observers said the figure would be hard to meet, especially given the relatively short time frame given by Ma.

He said the friction will not be resolved in 2 months or 2 years, but could last 20 years.

The alliance - unveiled during Computing Conference 2018 - represents a key boost for Alibaba Cloud in its quest to gain customer credibility across the globe, with a joint taskforce deployed to target businesses of all sizes. Executive Chairman Jack Ma has expressed the need for China to reduce its reliance on the foreign chip market, which is "controlled by America", reports CNN Tech.

Ma said he and Zhang will work together on the internalization and cultural development of the company as well as the cooperation between Alibaba and Ant Financial during the past year of him being chairman of the board.

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