The Traderszone Network

Published in TZ Latest News 9 June, 2015 by The TZ Newswire Staff

Alibaba’s Ma, visiting New York, says not in America to compete

Chinese e-commerce titan Alibaba Group Holding Ltd (BABA.N) does not want to fight for U.S. market share but instead hopes to help small U.S. businesses sell more goods in China, Executive Chairman Jack Ma said. Ma is visiting the United States this week to explain Alibaba’s global strategy and to “help dispel misconceptions” about the company, spokesman Greg Jenkins said in an email. “We’re not coming here to compete,” Ma told the Economic Club of New York on Tuesday.