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.
"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.
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.
The utility company paid $102 million in fines and restitution and pleaded guilty to nine Clean Water Act violations as a result. But a spokeswoman also said they can not rule out that coal ash was released and will continue to monitor the situation.
Biden, who chaired the Thomas hearing and is considering running for president, said he regrets the way Hill was treated. Trump, steering clear of criticizing Ford on the advice of aides, predicted Kavanaugh will ultimately be confirmed.
Deux petites filles et un petit garçon ont été agressés par cette femme, a précisé la police sous le couvert de l'anonymat. La suspecte, une femme âgée de 52 ans, a été retrouvée dans le sous-sol de la crèche après s'être entaillé les poignets.
Russell and the Cubs are expected to make a statement regarding Melisa's post before the start of the Crosstown Classic. The post also reiterates allegations of infidelity that match up with Reidy's 2017 accusations against Russell.
Because we're now - I don't know what - three weeks away from the premiere of the show and between now then, so much could change. I can't say it's a lot of fun trying to fabricate this kind of Trump that I thought of, but it is fun being around them.
Health care facilities are getting stocked with the flu vaccine, which is recommended for everyone 6 months of age and older. The Floyd County Health Department, 16 East 12 Street, Rome, is now offering flu vaccines on a walk-in basis.
It's also important to note that the devastation from Hurricane Maria, even one year later, is unprecedented. Secretary Carson said his agency plans to set aside $1.5 billion as relief efforts continue in Puerto Rico.
Firmino the hero as Liverpool sink PSG, go top of Group C
Last night, Liverpool and PSG produced an wonderful game to remind all of us why we miss Europe's foremost club competition. It may even make Klopp think twice about certain selections, although you'd imagine Firmino is still the gun favorite.
300-metre long Spider-web covers beach in Western Greece
Although neither the gnats or the spiders are risky to humans, CNN predicts getting rid of the webs will require a lot of dusting. The video, posted on YouTube by Giannis Giannakopoulos , shows a beach in the town of Aitoliko covered in webs almost 300m long.
Elon Musk Reveals First Person Set To Go To Moon With SpaceX
Branson's Virgin Galactic has sold tickets for about $250,000, which is more than the median home price in the United States. Maezawa is worth an estimated $2.9 billion, according to Forbes , and founded Japan's largest online fashion retailer.
Over 54,000 still without power in Carolinas after Florence
More than a dozen rivers across North Carolina were at major flood stage on Monday or threatening to rise to critical levels. Particularly concerning is the continued swelling of the 140-mile long Waccamaw River, which runs through both states.