01/10/2017

'Chinese eBay' Alibaba Says It May Create 1 Million New U.S. Jobs

Hank Berrien, Daily Wire

On Monday, President-elect Donald Trump boasted that he had a "great meeting" with Alibaba executive chairman Jack Ma, discussing the possibility of 1 million new U.S. jobs.

The Chinese commerce company Alibaba, much like eBay, provides consumer-to-consumer, business-to-consumer and business-to-business sales. Ma stated that his company would expand in areas including clothes, wine and fruits, especially in the Midwest. He asserted, "We're focused on small business. We specifically talked about ... supporting 1 million small businesses, especially in the Midwest of America. Small businesses on the platform selling products — agriculture products and America services — to China and Asia, because we're pretty big in Asia."

An Alibaba spokesperson told CNBC before Trump and Ma met that Alibaba would create 1 million jobs over five years. That would be an explosive expansion, as the company only has roughly 36,000 employees, virtually all of them in China, according to the SEC. But the company claims because it has 10 million active sellers, its China retail marketplaces "contributed to the creation of over 15 million job opportunities."

Amazon, Alibaba’s online rival, employs roughly 230, 000 people; Trump has rippedAmazon, an American company, saying it will have "such problems" during his presidency.

Wal-Mart employs 2.3 million people, including 1.5 million in the U.S.

Read full article



You May Also Like:

American Pravda: 'Project Veritas' Catches CNN Producer Admitting Russia Story Is 'Mostly Bullshit,' 'About Ratings' [Watch] Tim Hains, RealClearPolitics

SCOTUS Reinstates Substantially All Of Trump Travel Order William A. Jacobson, Legal Insurrection

No, Obamacare Repeal Will Not Kill Tens Of Thousands Max Bloom, National Review

The War On Work—And How To End It Edward L. Glaeser, City Journal

Donald Trump Is Not Under An FBI Investigation. Bernie Sanders Is. Erick Erickson, The Resurgent

Study: Seattle's $13 Minimum Wage Led To Drop Of $1,500 In Income For Low-Wage Earners [Watch] Ben Shapiro, Daily Wire

The Numbers Don't Lie, Mueller Is Hunting [Watch] Newt Gingrich, Washington Examiner

Refugees And Terrorism: A Massive Vulnerability In Our Immigration System Kris W. Kobach, Breitbart News

EXACTLY WHAT SHE DESERVES: Professor Fired For Saying Otto Warmbier ‘Got Exactly What He Deserved’ Eric Owens, Daily Caller

Pelosi Appears Irritated After CBS Plays Montage Of Democrats Calling For Her Ouster: ‘They Had Their Time On TV’ [Watch] David Rutz, Washington Free Beacon

Student Who Registered Dead People For Democrats Headed To Prison Rick Moran, American Thinker

Progressive/Libertarian: The Alliance That Isn’t Bryan Caplan, Library of Economics and Liberty

Very Fake News Scandal Consumes CNN As Jeff Zucker, Network Flack Refuse To Comment On Russia Retraction To Own Network Matthew Boyle, Breitbart News

Disgrace: Almost 100 Veterans Died Waiting For Health Care At Los Angeles VA Hospital [Watch] Matt Vespa, Townhall

Why Trump Is Earning Latino Support Steve Cortes, RealClearPolitics

Black Trump Supporter Goes Nuclear On Maxine Waters ‘You Have Destroyed The Black Community With Illegal Immigration!’ [Watch] Cristina Laila, Gateway Pundit

Thank Frackers On Independence Day For Cheaper Gas Prices Andrew Moran, Economic Collapse News

Dershowitz: Ginsburg Should Recuse Herself From ‘Any Case Involving’ Trump [Watch] Kathryn Blackhurst, LifeZette

Tocqueville’s Fear With Democracy: Soft Despotism Learn Liberty

For More go to the Home Page >>>

Search

Bookshelf

FreeMarket Central

Some titles recent, all recommended -

Special Video Feature

FreeMarket Central

Voices From The 2017 International Students For Liberty Conference

In Search Of History

Cambodia's Deadly Experiment

In the 1950s, students started gathering in Paris. They were reading Karl Marx. They were forming book clubs. They were trying to come up with a better version of society. One that moved away from the division of labor. One that moved away from the capitalism in the big cities that they so despised. ... One of those students would change his name to Pol Pot. He and his colleagues formed a new political party, a takeover in Cambodia. They called themsevles the Khmer Rouge. ... Under Pol Pot and the Khmer Rouge, one out of four people in that country died in less than four years. 

-- Matt Kibbe,

Shadow Stats Snapshot


FreeMarket Central

ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    FreeMarket Central BLS: 4.3%
    FreeMarket Central Shadow Stats: 22.0%
  • Inflation:
    FreeMarket Central May Year-to-Year: 1.87% (CPI-U*)
    FreeMarket Central Shadow Stats: 9.6%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]