Jack Ma: 'No way' to one million USA jobs

22 Septembre, 2018, 03:16 | Auteur: Auguste Feret
  • US-China trade war could last 20 years warns Jack Ma

For years, Ma has been pushing his vision of US small businesses selling to Chinese shoppers through his online marketplaces, but many experts have criticized his plan.

Nonetheless, Ma's statement underlines Chinese bearishness in the wake of tariffs on $200 billion of Chinese goods imported to the USA on top of $50 billion covered by an earlier round.

He said new trade rules are desperately needed over the long-term.

He said that trade is not a weapon and shouldn't be used for wars.

Tensions have escalated this week as China vowed to retaliate against United States plans to levy tariffs on about $200 billion in Chinese goods.

Highlighting that many Chinese- U.S- and even other countries-based businesses will be hit negatively and instantly, he predicts that Chinese enterprises would be forced to relocate to other nations as a short-term measure to circumvent the problem.

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"Alibaba Cloud is excited to drive innovations across different industries and businesses together with KPMG and to address the ever-growing needs of high performance and secure cloud infrastructure", said Simon Hu, president of Alibaba Cloud. He will hand over the keys of Asia's most valuable company to Alibaba chief executive Daniel Zhang Yong.

Ma announced in an open letter on September 10 that he would retire as the chairman of the board on September 10, 2019, Alibaba's 20th anniversary, adding that the company CEO Daniel Zhang will take over as the chairman of the board. When commenting about his coming retirement, Ma says he has been prepared for it for over 10 years.

The economic situation is not good, and that could last for a long time, Ma said at the World Economic Forum in Tianjin.

Donald Trump and Jack Ma met in NY in January 2017.

Despite this, Alibaba will continue to strive to be "a company of globalisation", Ma said.

The two companies assert they are combining VMware's hybrid cloud software portfolio with Alibaba Cloud's scalable cloud infrastructure to enable enterprises to easily expand their existing workloads from on-premises data centers to the cloud.

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