The promise to create 1 million jobs for the U.S was made during a high-profile meeting with Donald Trump back in January 2017, before Trump was inaugurated as president.
Ma, who recently announced that he will be stepping down as Alibaba's chairman within a year, also told Xinhua that despite the current fiction, he will "not stop working hard to contribute to the healthy development of China-US trade". -China trade becoming increasingly contentious, the promise can not be fulfilled.
Ma had offered the company's e-commerce platform to help US businesses sell products to Asia, with the potential of creating up to 1 million American jobs, during a meeting with US President Donald Trump in New York City in January past year. He acknowledged that the ongoing spat with China's largest trade partner was hurting Alibaba's business as well.
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"We're very pleased to form an alliance with Alibaba Cloud as this relationship will further our commitment to help clients address key transformation priorities in the areas of growth, innovation and operational efficiency", said Honson To, chairman of KPMG China and Asia Pacific. "The situation now has completely destroyed our premise, so it can no longer be completed".
The New Manufacture will redefine the industry, the customer market and the supply chain, Ma said at the Hangzhou internet giant's Computing Conference today, adding that the sector will be based on customized on demand.
"America was the early mover and China, we need a lot of things". Even so, it is known that the Alibaba shares have been declining steadily through the year.