Donald Trump met Alibaba founder, Jack Ma
- Author: Delia Davidson Jan 12, 2017,
Jan 12, 2017, 0:05
The initiative underscored Alibaba's plans to "transform conventional retail" by tapping data and technology to improve customer reach, it said. And he's not planning a big investment in America. Specifically, the two discussed Ma's ambitions of using Alibaba as a platform to sell US -made goods in China, where products bearing the stars-and-stripes command a premium. "We specifically talked about. supporting one million small businesses, especially in the Midwest of America". So far so good. "Jack Ma is using jobs as a bargaining chip in exchange for better treatment and favorable polices in the United States", said Zhang Zhouping, chief analyst at the China E-commerce Association. Ma said items like fresh foods, cosmetics and baby products present a particular opportunity for sellers in Europe and the U.S.to crack the Chinese market. But getting one million American brands onto its platforms would require a 142-fold increase in business. Realistically, what is likely to happen is that local stores will open online stores at Alibaba as a complementary business to enter the Chinese market, said Ben Cavender, director of China Market Research Group.
"I don't see a lot of job creation happening", Cavender said.
Alibaba Executive Chairman Jack Ma arrives at Trump Tower in New York, Monday, Jan. 9, 2017, for a meeting with President-elect Donald Trump. There's also the investigation by US Securities and Exchange Commission into whether Alibaba's accounting is violatingfederal laws. A recent eMarketer report noted Chinese consumers are expected to spend more $150 billion on foreign goods by 2020.
Ma told reporters that the two discussed allowing U.S. products such as "garments, wine and fruit" to be sold on the platform. In 20 years, he expects Alibaba to serve two billion consumers globally and support 10 million profitable businesses.
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Imran Khan was also included at the expense of Sohail Khan. "I was thinking we had Tests against India". And the 23-year-old said he often looks back on that stunning Test debut as a confidence builder.
After the meeting, Trump said to reporters that he and Alibaba's CEO "are going to do some great things".
But unless those farmers understand Chinese, they would have to hire a third party to help them set up shop on Taobao or Tmall.
Alibaba had been on the USA piracy list before, but then "they hired some really good lobbyists and got off the list before doing their IPO", said Bill Bishop, a D.C. -based expert on Chinese business and author of the influential Sinocism China Newsletter.