Alibaba's Jack Ma meets Trump to discuss job creation in U.S.

Image
ANI Beijing [China]
Last Updated : Jan 10 2017 | 4:22 AM IST

Chinese e-commerce giant Alibaba's chairman Jack Ma, in a meeting with U.S. President-elect Donald Trump in New York, has discussed plans to create one million new jobs in America, by helping small businesses sell goods to China.

The meeting,on Monday, which comes under strained relations between Beijing and the incoming U.S. administration, is a sign that a door has been left open for pragmatic cooperation with Chinese companies, despite Trump's tough stance on China, according to Chinese experts.

This was Trump's first meeting with a high profile Chinese businessman following a barrage of tough rhetoric and actions, including threats to impose a 45 percent tariff on Chinese goods and selection of China critics for trade positions, reports the Global Times.

Also, the Alibaba Group Holding Ltd was recently put back on the U.S. "Notorious Markets" list, with its Taobao website cited as a haven for fake merchandise, suggesting it hasn't done enough to fight counterfeits.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 10 2017 | 3:26 AM IST

Next Story