Alibaba 'ready' for trade war with US
Updated:7 years, 2 months ago
New Delhi, Aug 24 (ANI): Alibaba, China’s e-commerce giant is all set for a possible trade war with the United States. The company said that it will not only survive the fight but will also thrive. The company announced its total earnings for the year a day before making the statement. Alibaba (BABA) Vice Chairman Joseph Tsai said, “If US goods become too expensive due to tariffs, Chinese consumers can shift to domestic producers or imports from other parts of the world”. Jack Ma Founder and executive chairman of Alibaba said that the company is interested in doing business with big US brands.
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