Jun 19, 2017

Jack Ma recruits U.S. small businesses to sell to China

Evan Vucci / AP

Alibaba CEO Jack Ma has pledged that the e-commerce giant will create 1 million U.S. jobs within 5 years. That plan means increasingly bringing U.S. businesses onto its platform, enabling higher sales to China's rapidly growing consumer base, and Ma is trying to recruit U.S. vendors this week at Alibaba's Gateway conference in Detroit.

But for mom and pop stores around the country, selling to Chinese consumers won't be as easy as it was catering to Americans using online platforms like Amazon, as Bloomberg reports.

Reasons for skepticism: U.S. businesses are hungry to reach the half-billion shoppers on Alibaba sites, but hurdles like language, regulations and consumer understanding remain. University of California business professor Christopher Tang tells Bloomberg, "The market for goods is already saturated," and that domestic Chinese business are more than able to meet growing local consumer demand.

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Exclusive: Global trust in the tech industry is slipping

Illustration: Aïda Amer/Axios

The backlash against Big Tech has long flourished among pundits and policymakers, but a new survey suggests it's beginning to show up in popular opinion as well.

Driving the news: New data from Edelman out Tuesday finds that trust in tech companies is declining and that people trust cutting-edge technologies like artificial intelligence less than they do the industry overall.

"It was 30 years ago, get over it": Mike Bloomberg's partner brushes off NDA concerns

Diana Taylor at a Mike Bloomberg event last month. Photo: Ron Adar/Echoes Wire/Barcroft Media via Getty Images

Diana Taylor, Mike Bloomberg's longtime partner, dismissed the concerns surrounding non-disclosure agreements used at his company, Bloomberg LP, telling CBS News that she would say to those bothered by the allegations, "It was 30 years ago, get over it."

Why it matters: Democratic candidates have used the NDAs as a talking point against Bloomberg, calling on him to allow women to speak about the reported sexual harassment and gender discrimination they faced while working for him.

Trump's opportunity to use Bernie as an economic scapegoat

Illustration: Aïda Amer/Axios. Photos: Zach Gibson/Stringer, The Washington Post/Getty Contributor

Bernie Sanders is poised to become an economic scapegoat for both the White House and Corporate America, assuming that Sanders comes through Super Tuesday unscathed.

The big picture: If the U.S. economy remains strong, President Trump and CEOs will claim credit (as they've been doing for three years). If it turns sour, they'll blame Bernie (even though it's a largely baseless charge).