"If US goods become too expensive due to tariffs, Chinese consumers can shift to domestic producers or imports from other parts of the world," CNN Money quoted Alibaba (BABA) Vice Chairman Joseph Tsai, as saying to analysts during an earnings conference call.
However, Tsai clarified that Alibaba does not want a trade war, as this would further deteriorate trade talks. He also said that the e-commerce giant would not face any difficulty in finding other markets for its products if the US becomes a tougher place for business.
"In terms of our international expansion, the world is a big place. We have made substantial progress in emerging markets like Southeast Asia and South Asia as these markets are ripe for us to add more consumers into our ecosystem," he said.
No comments:
Post a Comment