Why Jack Ma Is Wooing Small Businesses in the U.S.

The transcript discusses the demand for American goods in China and the challenges of supply. It highlights Alibaba's long-term strategy, focusing on growth and ambitious projections, including a trillion-dollar gross merchandise value by 2020. The discussion also covers Jack Ma's promise to create a million jobs in the US, which is seen as a long-term goal. Finally, it addresses Alibaba's efforts to penetrate the US market and improve its image with the US Chamber of Commerce, despite challenges like counterfeits.

What is the main challenge discussed in the first section regarding American goods in China?

• Political tensions between countries

• Lack of demand in China

• High tariffs on imports

• Supply issues for American goods

What is Alibaba's projected goal for gross merchandise value by 2020?

• 1.5 trillion dollars

• 500 billion dollars

• 1 trillion dollars

• 750 billion dollars

According to the second section, what is a key factor for Alibaba's long-term success?

• Immediate increase in US sellers

• Reduction in operational costs

• Short-term marketing campaigns

• Support from American suppliers

What is Jack Ma's promise regarding job creation in the US?

• 500,000 jobs

• 750,000 jobs

• 1 million jobs

• 2 million jobs

What is one of the issues Alibaba is trying to address in the US market?

• Limited payment options

• Lack of brand recognition

• Counterfeit products

• High shipping costs