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Media Report
January 09 , 2017
  • CNN Money：Alibaba's Jack Ma met with Trump to talk jobs
    CNN Money reports: "Jack Ma, the billionaire founder and executive chairman of the Alibaba Group (BABA, Tech30), met with Trump on Monday to tease plans for creating 'one million' jobs in the U.S. through the company's e-commerce platform. 'Jack plans to share how Alibaba will create 1 million U.S. jobs by enabling 1 million small businesses to sell American goods to China and Asian consumers on the Alibaba platform,' Brion Tingler, head of external affairs at Alibaba, said in a statement provided to CNNMoney. Trump praised Ma after the meeting as a "great, great entrepreneur and one of the best in the world.'We had a great meeting,' Trump told the press pool at Trump Tower. 'It's jobs. You just saw what happened with Fiat where they're going to build a massive plant ... in Michigan. And we're very happy. And Jack and I are going to do some great things.' 'I love China and I love America,' Ma told reporters. However, details of the Alibaba plan remain vague. Ma has previously talked about his goal of getting American businesses to embrace the Chinese online shopping service."
  • Reuters：Chinese state tabloid warns Trump, end one China policy and China will take revenge
    Reuters reports: "State-run Chinese tabloid Global Times warned U.S. President-elect Donald Trump that China would 'take revenge' if he reneged on the one-China policy, only hours after Taiwan's president made a controversial stopover in Houston. Taiwan President Tsai Ing-wen met senior U.S. Republican lawmakers during her stopover in Houston on Sunday en route to Central America, where she will visit Honduras, Nicaragua, Guatemala and El Salvador. Tsai will stop in San Francisco on Jan. 13, her way back to Taiwan. China had asked the United States not to allow Tsai to enter or have formal government meetings under the one China policy. The subject is a sensitive one for China...'Sticking to (the one China) principle is not a capricious request by China upon U.S. presidents, but an obligation of U.S. presidents to maintain China-U.S. relations and respect the existing order of the Asia-Pacific,' said the Global Times editorial on Sunday."
  • The New York Times：McDonald's China Operations to Be Sold to Locally Led Consortium
    The New York Times reports: "McDonald's said on Monday that it would sell its businesses in mainland China and Hong Kong for $2.08 billion to Citic, a state-owned conglomerate, and the Carlyle Group, a private equity firm. The deal gives Citic and Carlyle franchise rights for 20 years. Citic and its investment arm, Citic Capital, will have a controlling stake of 52 percent, while Carlyle will take 28 percent. McDonald's will retain the remaining fifth of the company. 'China and Hong Kong represent an enormous growth opportunity for McDonald's,' Steve Easterbrook, McDonald's chief executive, said in a news release. 'This new partnership will combine one of the world's most powerful brands and our unparalleled quality standards with partners who have an unmatched understanding of the local markets.'...McDonald's opted for a franchise deal to save on investing and modernizing stores itself, according to Ben Cavender, a senior analyst at China Market Research, a consultancy based in Shanghai."
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