'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:

On Social Media, What's Genius For Obama Is Scandal When It Comes To Trump [Watch] Ben Shapiro, The Hill

The Problem Is Facebook, Not Cambridge Analytica Leonid Bershidsky, Bloomberg

The Sad Hysteria Of The Southern Poverty Law Center Shikha Dalmia, The Week

‘Armed School Resource Officer’ Took Down Maryland High School Shooter Christian Datoc, Daily Caller

What Went Wrong At The FBI Thomas J. Baker, The Wall Street Journal

Nafta Is A Critical Part Of The U.S.’s Economic Future Dan K. Eberhart, Investor’s Business Daily

Hillary Should Just Admit She Hates Half Of America Katherine Timpf, National Review

Democrats’ Obstructionism Is Unprecedented John Hinderaker, PowerLine Blog

Collapse Of Credibility In Mainstream Press Puts Burden On Readers Ira Stoll, New York Sun

At $21 TRILLION, The National Debt Is Growing 36% Faster Than The US Economy Simon Black, Sovereign Man

Two Million Get Off Food Stamps During Trump's First Year Tom Knighton, PJ Media

RNC Raises $12.8 Million In February, Breaks Another Fundraising Record Jack Heretik, Washington Free Beacon

What Could Go Wrong With Obama-era Appointees Putting All Our National Security Eggs In Amazon's Basket? Jared Whitley, Weekly Standard

Alert: Dems Just Got 5 Congressional Seats Courtesy Of The SCOTUS Kevin Daley, Conservative Tribune

The Truth About Medicaid Work Requirements Angela Rachidi, American Enterprise Institute

Millennials Aren’t Saving Because They Think Capitalism Will Be Finished By The Time They Reach 65 Matt Vespa, Townhall

Homeschooling: The Best Hope For America's Future Lloyd Marcus, American Thinker

For More go to the Home Page >>>

Join Our Email List



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

The Reagan Tax Cuts Worked

Thanks to "bracket creep," the inflation of the 1970s pushed millions of taxpayers into higher tax brackets even though their inflation-adjusted incomes were not rising. To help offset this tax increase and also to improve incentives to work, save, and invest, President Reagan proposed sweeping tax rate reductions during the 1980s. What happened? Total tax revenues climbed by 99.4 percent during the 1980s, and the results are even more impressive when looking at what happened to personal income tax revenues. Once the economy received an unambiguous tax cut in January 1983, income tax revenues climbed dramatically, increasing by more than 54 percent by 1989 (28 percent after adjusting for inflation).


-- Daniel J. Mitchell,

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: 4.14%
    FreeMarket Central Shadow Stats: 21.8%
  • Inflation:
    FreeMarket Central February Year-to-Year: 1.8% (CPI-U*)
    FreeMarket Central Shadow Stats: 9.9%

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