Most of the Chinese companies are on the brink of losing connection within the U.S as the Trump administration keeps on pushing its plans to banish technologies and companies from China.
Alibaba, a Chinese e-commerce giant, is one of the targets of the administration’s “Clean Network” program. This program attacks companies that are believed to pose threats to the State’s data.
Earlier this month, Secretary Mike Pompeo encourage U.S. companies to stop their transactions with Chinese industries. These include giant cloud providers such as Tencent Holdings Ltd., Baidu Inc., and Alibaba.
Giant tech companies such as the famous Tiktok app of Bytdance felt the surge of the United States' efforts to banish Chinese firms. The U.S President signed two executive orders against the short-video app and WeChat.
Trump continues to threaten the Chinese-owned companies in his campaign election speeches. As a result for Alibaba to speak up and reassures that it “support American brands, retailers, small businesses and farmers.” The e-commerce giant wants to ease tension with the United States as its shares began to raise for more than 20% this year.
“As the world’s largest e-commerce platform, Alibaba’s primary commercial focus in the U.S is to support American brands, retailers, small businesses and farmers to sell to consumers and trade partners in China as well as other key markets around the world,” Chief Executive Officer of Alibaba said on the earnings call.
“We believe that global trade will continue, and Alibaba’s active pursuit of our mission ‘to make it easy to do business anywhere’ is fully aligned with the interests of both China and the U.S.,” Zhang added.
The company further added that it is monitoring the latest changes in U.S. policies with regards to Chinese applications and companies.
“We are assessing the situation and any potential impact carefully and thoroughly, and will take necessary actions to comply with any new regulations,” Alibaba stated.
TikTok, WeChat, and Alibaba are only a few of the China-based firms that have been struggling for a while. Adding to those companies is the largest telecom company, Huawei, which was first banned in trading with the U.S markets last year.