Alibaba executive chairman Jack Ma says his company no longer plans to help the US economy add one million jobs, which is something he had promised President Trump during a meeting in early 2017.
- Ma never claimed Alibaba would hire a million Americans. Instead, he wanted to help increase trade with Asia, thus enabling US small businesses to hire more people.
The bottom line: Ma tells Xinhua News Agency that the Chinese Internet giant's commitment was based on friendly U.S.-Chinese relations, but that subsequent trade tensions "destroyed the original premise."