Monday , May 17 2021

Alibaba expects a strong sale of US products despite a dispute Economy | Companies



Alibaba Strong sales of US products are in its online markets during Unity Day, despite the commercial war and slowing down the Chinese economy.

His president, Michael Evans, said he was not "too scared" about the possibility that the fight would affect sales during the Sunday Sunday event. "It's not a 11/11 event that depends solely on one market," said Evans at Bloomberg TV at an interview on Friday. "We will work with more than 200 countries and regions as part of this big event, so we do not expect any area to have a big influence, apart from China, of course."

In terms of the Chinese economy, Evans said "there is some uncertainty about what will happen in the future," and recalls that growth remains around 6.5% per year.

Alibaba Evans has reduced demand for expensive items such as washing machines, television and cars. But other sectors such as cosmetics, food, fashion and clothing are still strong. The company focuses on the 300 million Chinese people expected to enter the middle class ranks in the next five years, he said.

Hangzhou is advertised as a tool for global brands to reach the Chinese user, with over 10,000 American brands, including Nike and Starbucks, who sell products on their Tmall Global site. Jack Ma, the co-founder of the billionaire, has been broadcasting the tariffs used for hundreds of thousands of dollars in American and Chinese products called the "most stupid commercial war in this world." The recovery rates imposed by the Asian giant affect products such as food and wine, which are popular items on the Alibaba platforms.

Alibaba has already refused to pledge to create one million jobs in North America, but has not "rejected our enterprises trying to create jobs in USA for small businesses, "said Evans." It is harder if the tension between the two governments continues, because we do not want to get up in geopolitical discussions. "


Source link