China's Alibaba Scraps Plan to Create 1M US Jobs

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One million jobs would be close to one percent of all jobs in the United States - meaning that successfully delivering would make Alibaba one of the country's largest private employers.

Last year, Chinese online sales giant Alibaba said it could create 1 million jobs in the United States over the next five years by building a marketplace where American small businesses could sell to China's burgeoning middle class.

Just two years ago, Ma called U.S. President Donald Trump "smart" and "open-minded", after their meeting at Trump Tower in NY together. "That premise no longer exists today, so our promise can not be fulfilled".

"The promise was made on the premise of friendly US-China partnership and rational trade relations", Ma said.

China added $60 billion of USA products to its import tariff list on Tuesday to hit back at US duties on $200 billion of Chinese goods that go into effect from September 24.

The two companies assert they are combining VMware's hybrid cloud software portfolio with Alibaba Cloud's scalable cloud infrastructure to enable enterprises to easily expand their existing workloads from on-premises data centers to the cloud.

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The latest United States duties spared smart watches from Apple and Fitbit and other consumer products such as baby auto seats. China has also pledged to buy soybeans from other countries, but replacing voluminous American supplies will be hard .

"We're very pleased to form an alliance with Alibaba Cloud as this relationship will further our commitment to help clients address key transformation priorities in the areas of growth, innovation and operational efficiency", said Honson To, chairman of KPMG China and Asia Pacific.

Given China's counter-tariffs and the push for Chinese firms to find alternative, non-US sources for goods, the already optimistic pledge would be even more unlikely in the current environment.

"Our DAMO Academy is developing quantum chips to power solutions for a range of industries, including e-commerce, logistics, finance, materials and pharmaceutics", said Alibaba Chief Technology Officer Jeff Zhang at the group's "Cloud Computing Conference 2018" in this scenic ancient city, about 180km southwest of Shanghai.

China responded a day later with tariffs on about $60 billion worth of us goods as previously planned, but reduced the level of tariffs that it will collect on the products.

"America was the early mover and China, we need a lot of things".

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