Alibaba Chairman Jack Ma on Wednesday walked back his 2017 promise to create 1 million US jobs.
The founder of the Chinese e-commerce giant said he couldn’t follow through on his promise because of the soured US-China trade relations, according to a report.
In January 2017, just before President Trump was sworn in, Ma met the then President-elect at Trump Tower and laid out his company’s plan to bring 1 million small US businesses onto its platform to sell to Chinese consumers over the next five years.
“Jack and I are going to do great things — small business,” Trump said at the time. “[Ma] loves this country, and he loves China.”