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Joe Tsai, the executive vice chairman of Chinese commerce giant Alibaba, talks with Recode’s Jason Del Rey at the 2018 Code Conference. He says that Alibaba has not tried to do a big acquisition deal in the U.S., but is definitely looking to create strategic partnerships. Specifically, Tsai wants to encourage American companies to tap into the Chinese market, where there are hundreds of millions of internet consumers as potential customers. He also disputes some criticism lobbed by fellow Code Conference speaker Sen. Mark Warner, who had alleged that Chinese tech firms were too cozy with the country's communist government.
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