Donald Trump scuppers one million Alibaba jobs in US

As Trade War Escalates Alibaba's Jack Ma Takes Back His Promises

But Ma told official news agency Xinhua his vow had been made on the basis of continued cooperation and trade growth between the U.S. and China, and would now be hard to fulfill.

Ma met Trump two years ago and laid out Alibaba's plan to bring small US businesses onto its platform to sell to Chinese consumers. -China cooperation and bilateral trade relations that were reasonable, but the ongoing situation destroyed that.

The promise Ma said was based upon friendly U.S.

Jack Ma, Alibaba co-founder and chairman, said then that China needed to control its "core technology" like chips to avoid over-reliance on United States imports.

Alibaba Cloud's City Brain solution has been piloted at the company's headquarters in Hangzhou, capital of Zhejiang province, since 2017, using artificial intelligence (AI) technology in urban management.

"Short term, business communities in China, U.S., Europe will all be in trouble", Ma said, as reported by Bloomberg.

"What we have before us has already broken those assumptions, and there's already no way to achieve that pledge", he said, in the interview published in Chinese on Wednesday.

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China has retaliated by raising its own tariffs on US-made products.

"This partnership between Alibaba Cloud and VMware will bring great value to enterprises as they seek to transform their operations, leveraging the power of cloud computing in this digital age", says Hu.

He announced last week that he will step down within a year and hand the company reins to chief executive Daniel Zhang.

Ma's comments also followed his surprise announcement - on his 54th birthday last Monday - about retiring next year. He therefore called upon entrepreneurs to be prepared for a 20-year-long dispute, as it "cannot be solved within two months or two years".

Ma said the trade war is "against China" but also criticised his country's policies, urging leaders to view the pain inflicted by Trump's tariffs as an opportunity to "upgrade".

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