Posted on 10/17/2017 12:58:15 PM PDT by 2ndDivisionVet
Alibaba executive vice chairman Joseph Tsai said Tuesday he expects to boost US jobs by expanding the Chinese firm's e-commerce platform -- not by hiring American workers.
Tsai, speaking at a California tech conference, made the comments to follow up on a headline-grabbing pledge earlier this year by Alibaba founder Jack Ma and US President Donald Trump that the Chinese internet firm would create one million US jobs.
The pledge by Ma was seen at the time as more of a public relations move than a promise to hire in the US.
When asked what Alibaba was doing to deliver on the promise, Tsai responded that giving merchants in China an online platform to boost sales indirectly created tens of millions of jobs in that country.
"We believe we can bring the same idea -- bring a platform here to let American companies sell to Chinese consumers," Tsai said during an on-stage interview at the WSJD Live conference in Laguna Beach, California.
"It is not direct job creation in (that) we are going out and hiring employees. Given the leverage here, we think that is how we can go out and create a million jobs."
Alibaba boasts more than a half-billion customers, most of them using mobile devices. Sometimes referred to as the Amazon of China, Alibaba is a force in e-commerce, cloud computing and digital entertainment....
(Excerpt) Read more at dailymail.co.uk ...
At least with the Chinese you know when they’re lying
Alibaba is one-way unfree trade -
Chinese goods sold there-
no Chinese buys American goods on that site.
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