Friday, November 27, 2020
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Zhang declares friendly environment to US companies

Daniel Zhang is the CEO of Alibaba. Alibaba decided to ease the relationship with US government, while US President Donald Trump is pressuring the Chinese tech firms and companies. Alibaba is working to develop the business in US in a new approach.

The chief executive of Alibaba Daniel Zhang explained that the new online retailer policies support American businesses. He beliefs it will create a exclusive opportunity for American retailers.

Zhang declares friendly environment to US companies

On the contrary Donald Trump is planning to impose the tarrifs on the local companies which will not reduce the job opportunities from overseas.

The US administration is making different ways of business plans to pressuring the companies cut ties with Chinese companies. They even want to cut ties with the Alibaba. This plans are disturbing Alibaba as they are failing to plan proper business in US. Tencent, Baidu have also facing problem to run the company in US. Trump administration named the program as “Clean Network”.

Chinese owned video sharing app TikTok and messaging platform WeChat are banned now in US under two executive orders signed by Donald Trump.

Daniel Zhang is briefing investors about their primary business policy in US which will benefited the US retailers and farmers. Alibaba has planned some primary commercial focuses according to the American brands. It will sell the US retailers and farmers products to the consumers of the China and other jkey markets.

Mr. Zhang also added that they were closely monitoring the latest US government policies toward Chinese companies and would comply with the new regulations.

The profit mergin of the tech companies are increasing day by day. Investors invested more in tech companies like Alibaba to improve the lifestyle of the people during the lockdown.

E-commerce business has risen 34% in last three months. Alibaba’s share also soared by more than 20% this year.

People are now purchasing more products from online during the lockdown. Chinese companies developed a well distributed supply chain system to deliver the products. People also became more used to ordering products from online stores. They are ordering groceries from online stores in post covid also. As this pandemic situation is becoming longer, the retailers are planning to sell their products through e-commerce. They are also promoting their products in online more relative to pre-pandemic situation.

Trump is threatening China in his election camps. He is also becoming aggressive to Chinese companies too. He also threatened the companies which still are continuing their outsource work to China. Alibaba’s business is now depending on the relation of Beijing and Washington as the growth of local Chinese market also depending on this geopolitical situation.

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