While there are many questions about the sincerity, not to mention underlying viability of his company (which many skeptical investors have accused of being an accounting shell whose operations raise many questions), moments ago Alibaba’s Jack Ma appeared at the Trump Tower for a meeting with Donald Trump, where according to CNBC, he will discuss plans to create 1 million new U. S. jobs over the next five years. The Monday meeting will focus on the Chinese e-commerce company’s U. S. expansion plans, according to spokespeople for both Alibaba and Trump.
It is unclear why Beijig would be ok with Ma creating 1 million jobs in the US and not China, but let’s ignore that for now.
While the meeting comes amid tensions between China and the Trump administration as a result of the proposed steep tariffs on trade with China, Trump has shown more tolerance at the micro level in his discussions with prominent Asian businessmen and investors, like SoftBank’s Masayoshi Son, who recently assured Trump he would create 50,000 jobs in the US.
This post was published at Zero Hedge on Jan 9, 2017.
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