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Jack Ma: Alibaba no longer planning to create 1M US jobs

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Jack Ma, founder and chairman of Chinese retail giant Alibaba, announced in an interview with Chinese news site Xinhua the company is no longer planning to create 1 million U.S. jobs.

“The promise was made on the premise of friendly U.S.-China partnership and rational trade relations,” Ma said. “That premise no longer exists today, so our promise cannot be fulfilled.”

Ma made the job creation announcement during a meeting with Donald Trump in January 2017 before he was inaugurated.

Read more from CNBC.

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