Jack Ma reverses 1m US job plan

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Ma met with U.S. president Donald Trump past year in a high-profile meeting where he promised to create 1 million USA jobs linked to small merchants selling items on Alibaba platforms.

Ma met Trump two years ago and laid out Alibaba's plan to bring small USA businesses onto its platform to sell to Chinese consumers.

"The promise was made on the premise of friendly US-China partnership and rational trade relations", Ma told Chinese news site Xinhua on Wednesday. Conway G. Gittens reports.

Alibaba has always worked toward the goal of "making doing business easy and fun".

China has retaliated by raising its own tariffs on US-made products. "The more frequently I visit places in Europe, South America and Africa, the more confidence I have for these markets". Alibaba countered that it had taken aggressive steps to tackle the problem, and said it had become a scapegoat under a US protectionist agenda.

Brexit: Theresa May promises 'no second referendum'
May has told lawmakers that they will vote either for a Chequers-based deal or to leave without an agreement. The EU has insisted that the single market can not be cherry-picked like that.

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.

The physical manufacturing will not vanish, but the backward one will, Ma said, speaking in terms of a time frame of 10 to fifteen years.

Escalating tariffs between the US and China may negatively impact cloud computing and force a shuffle in supply chains and trade partnerships.

Alibaba's jobs pledge followed investments by the firm in United States companies such as Snapchat and Jet.com, as well as efforts to launch a USA online shopping site. He therefore called upon entrepreneurs to be prepared for a 20-year-long dispute, as it "cannot be solved within two months or two years".

"The theme of our annual event "Computing Conference 2018" is "Empower Digital China", and showcase latest technology to over 60,000 participants from across the country", said Alibaba in a statement from Hangzhou, 180 km southwest of Shanghai. The 54-year-old former teacher repeated his desire to pursue a new career, likely in the field of education.

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