Jack Ma lays out plan to create 1 million jobs for Trump

 

Alibaba’s Jack Ma told incoming US president Donald Trump about his plans to create a million US jobs by bringing farmers and small businesses onto its platform to sell to Chinese consumers over the next five years, an Alibaba spokesman told Reuters. Continue reading

Chinese billionaire to scoop up failing car battery maker that got $240M from feds

A struggling Massachusetts-based company that makes batteries for electric cars and got $240 million in stimulus money is being saved from bankruptcy by a Chinese billionaire who could move operations overseas.

A123 Systems received a $241.1-million grant from the Obama administration three years ago and more than $125 million in State of Michigan tax credits in the hopes that the company would create jobs, while leading the country away from conventional gas-guzzling vehicles and toward clean energy.  Continue reading