Experts have said that Ma's vow to create 1 million jobs linked to merchants selling their goods on the company's platform within five years was lofty to begin with.
The billionaire owner of China's largest online shopping portal made the headline-grabbing promise to Donald Trump past year, as Beijing courted the then-newly elected president.
Pointing to the trade friction between the USA and Japan in the 1980s, Ma ruminated that Trump's decision to zero in on China has been triggered by the latter's strong economic growth. -China trade becoming increasingly contentious, the promise can not be fulfilled.
Ma, China's richest man, made the remarks in an interview in the state-owned Xinhua news service, saying the pledge made to US President Donald Trump is no longer feasible because of the unstable trade situation.
Jack Ma, though he had not went into detail about how he would add the jobs he promised, wanted to encourage small American businesses to sell on the Alibaba marketplace Tmall and Taobao.
China's king of tech entrepreneurship, Alibaba founder Jack Ma, has been vocal about the importance of shedding dependence on USA technology in the current political atmosphere.
Ma has previously been critical of the protectionist moves from the Trump administration and said Wednesday that trade should not be used as a weapon, but rather as a way to bring peace between countries.
He added: "The trade in the world really needs to be perfected, but trade is not a weapon, it can not be used for war, it should be a propeller for peace".
"The promise was made on the premise of friendly U.S".
Alibaba announced a development roadmap for artificial intelligence and quantum computing as part of the company's initiative to develop disruptive technologies that will support its cloud, internet of things and other commercial applications.
But the dispute between the world's top two economies has swiftly escalated since Trump took office, with a series of tit-for-tat tariffs imposed on billions of dollars' worth of goods by both countries.
China responded a day later with tariffs on about US$60 billion worth of U.S. goods as planned, but reduced the level of tariffs it will collect on the products.
Ma, the cofounder of Alibaba, announced in early September that he would step down from his role as chairman at the end of the year to focus on philanthropy.