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.

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