Alibaba’s Jack Ma says U.S.-China trade war ends 1 million U.S. jobs promise: Xinhua

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(Reuters) – Alibaba (N:BABA) Chairman Jack Ma said the company can no longer meet its promise to create 1 million jobs in the United States due to U.S.-China trade tensions, Chinese news agency Xinhua reported on Wednesday.

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 U.S. President Donald Trump two years ago and laid out the Chinese e-commerce giant’s plan to bring one million small U.S. businesses onto its platform to sell to Chinese consumers over the next five years.

Read more at : https://www.investing.com/news/stock-market-news/alibabas-jack-ma-goes-back-on-promise-to-create-one-million-us-jobs-xinhua-1616528

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