Alibaba executive chairman Jack Ma is meeting with U.S. president-elect Donald Trump on Monday to discuss plans to create one million new jobs.
We Say: The “Twitter-verse” erupted this morning [Jan. 9th] with just snippets of this story. Hopefully by the time you read this, your favorite news source will have further educated the US populace.
Not familiar with Alibaba? Imagine it this way, e-commerce giant Amazon, with its exceptional distribution expertise, especially with business to consumer skills, merges with eBay, with their outstanding person-to-person selling techniques. Now give this new entity a couple of shots of steroids to handle e-commerce transactions to and from the population of China. More steroids and the entity is expanded to transact business between China and every trading country, worldwide. That’s Alibaba.
As conservatives, do we want to encourage this further tying us to China? It seems Ronald Reagan would have approved:
Put simply, increased trade spells more jobs, higher earnings, better products, less inflation, and cooperation over confrontation. The freer the flow of world trade, the stronger the tides for economic progress and peace among nations.”
Ronald Reagan Radio Address to the
Nation on Free and Fair Trade
Republished from cnbc.com, by Anita Balakrishnan, January 9, 2017. Image credit: Jewel Samad | AFP | Getty Images
Alibaba job boom: Jack Ma chats with Trump about creating 1 million US jobs over 5 years
Chinese online retail giant Alibaba CEO Jack Ma (C) waves as he arrives at the New York Stock Exchange in New York on September 19, 2014.
The Monday meeting will focus on the Chinese e-commerce company’s U.S. expansion plans, according to spokespeople for both Alibaba and Trump.
The meeting comes amid tensions between China and the incoming Trump administration. Trump has proposed steep tariffs on trade with China, and has incited political controversy over the U.S. relationship with Taiwan.
But Trump has also been critical of Alibaba-rival Amazon, who like Alibaba, offers cloud services and a marketplace for third-party sellers. Trump has said Amazon will have “such problems” during his presidency, because of their tax structure.
Ma told CNBC last year that he wasn’t worried about anti-China sentiment on the presidential campaign trail.
“Somebody has to stand up and say hey, we should not be anti-trade,” said Ma.
Alibaba’s wide-ranging set of international businesses, from financial services to e-commerce to logistics, have managed to dominate many of America’s tech companies in China.
“I believe that … foreign technology companies will be successful in China,” Michael Evans, president of Alibaba Group, said at Vanity Fair’s 2016 New Establishment Summit in San Francisco in the fall. “I also believe that Chinese technology companies, including Didi, probably Alibaba, will be successful in the U.S. and Europe. But that is the challenge and the most difficult parts of globalization for us.”
If they reach a deal, Alibaba would be the latest in a string of companies that has committed to create U.S. jobs in the wake of Trump’s election. Japanese tech giant Softbank also reiterated a commitment to create 50,000 U.S. jobs after meeting with Trump.
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