Alibaba Founder Ma Describes Trump Meeting As Very Productive

Alibaba chairman Jack Ma has made a stupendous promise of creating one million American jobs during his meeting with USA president-elect Donald Trump on Monday.

Trump said that he had a "great meeting" with Ma in which the two discussed ways to create one million new U.S.jobs over the next five years.

Trump then sheds some light on his plans with Ma, albeit both losing their initial PR-perfect synchronisation when Ma mumbled "small business", cutting into Trump's mention of "great things". So case closed on those million new gigs?

During his remarks, Ma didn't confirm the specific number of jobs.

The president-elect called it a 'great meeting'. "China and US relations should be strengthened and more friendly", he said.

It seems either Jack Ma himself or his people have read the article and that is exactly what happened yesterday. But analysts say this may also be a diplomatic move from Beijing.

Indeed, a look at the numbers suggests Americans expecting 1 million actual jobs will nearly certainly be disappointed. "The key question is how translatable is this job-creating potential to overseas markets, in this case to the U.S".

"Tens of millions of American jobs and several trillion dollars of our gross domestic product rely on American creative and innovative industries", said Ambassador Michael Froman. The U.S. Trade Representative last month put Alibaba back on a black list of counterfeit marketplaces.

Putin says Russia, Turkey reach deal on Syria ceasefire
Assad's government and the opposition would hold peace talks in Kazakhstan, but he did not announce a date. The two countries back opposing sides in the conflict, which has raged for more than five years.

"He loves this country", Trump added, "and he loves China".

It could also be seen as a way to curry favor with US regulators.

"I don't see a lot of job creation happening", Cavender said. "I think the president-elect is very smart, he's very open-minded to listen". Similar to how Amazon delivers products, Alibaba Group is the Chinese version of the American e-commerce giant.

While advocates for President Obama claim that over six million jobs were created by his administration, many of those jobs are government positions or part time work. It's possible that Trump inspired Son to double his investment. But the move to give Trump credit for a done or almost done deal had recent echoes.

The job pledge comes amid tensions between China and the incoming United States administration over trade and Taiwan. It could also provide "inoculation" from a market-moving Trump tweet. "And a great, great entrepreneur, one of the best in the world". Trump told reporters following the meeting.

Cracking down on fakes: how to take action If you find your company's products after running a search on Alibaba, the platform's complaint process is still the best place to start before starting a more expensive legal action. Small U.S. companies that specialize in nutrition, supplements, and baby productsshould do well on Alibaba's platforms, said Cavender.

Congcong Zhang and Luna Lin reported from Beijing.


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