Jack Ma: You're Supposed to Spend Money on Your People
World Economic Forum・26 minutes read
Jack Ma committed to creating 1 million jobs in the United States over the next five years while emphasizing the importance of supporting small businesses and creating jobs. He proposed the creation of an Electronic World Trade Platform (eWTP) to support small businesses globally through mobile and internet platforms, advocating for inclusive globalization and balancing wealth distribution.
Insights
- Jack Ma's meeting with President-elect Donald Trump at Trump Tower exceeded his expectations, leading to commitments to create 1 million jobs in the US over five years and discussions on small business support, trade, and wealth distribution.
- Alibaba's transition to a data company involves combating fake products through big data, investing $1 billion annually and employing 2,000 people in this effort, while also focusing on promoting happiness and health through partnerships with Hollywood for the next 30 years.
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Recent questions
What did Jack Ma discuss with President-elect Donald Trump?
Ma discussed small business, agriculture, and trade.
What commitment did Jack Ma make regarding job creation in the United States?
Ma pledged to create 1 million jobs in the US.
What did Jack Ma propose to support small businesses globally?
Ma proposed the creation of an Electronic World Trade Platform (eWTP).
How does Alibaba combat fake products in e-commerce?
Alibaba uses big data to track sellers and buyers.
What is Alibaba's strategic focus for the next 30 years?
Alibaba aims to promote happiness and health through partnerships.
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