President-Elect Trump: We Are Going To Create A Lot Of New Jobs

The pair of businessmen spoke to reporters shortly after their meeting, reportedly having discussed increasing support for USA small business and agriculture in the Midwest. He praised Ma as "a great, great entrepreneur, one of the best in the world". Mr. Ma went on to emphasize on how his company would help small businesses sell to China; a vital factor for those in search of jobs in the US. Since his campaign did increase chances of a trade-war, the meeting is a good indication for both countries' relations.

"He's a smart person, he will adjust", Ma said in an interview a year ago with CNNMoney about Trump. It does not plan to establish Alibaba operation centers that employ technology-savvy Americans.

Alibaba thinks it can create a million USA jobs as each company adds a position. "And Jack and I are going to do some great things".

On another note, Jack Ma recently met with US President-elect Donald Trump on Monday, to lay out Alibaba's plans to bring a million small US businesses onto its e-commerce platform over the next five years, to sell to Chinese consumers.

There will be $150 billion in cross-border e-commerce sales in China by 2020, according to eMarketer.

Jack Ma (R), the billionaire founder and executive chairman of the Alibaba Group, met with United States president-elect Donald Trump (M) on Monday.

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By doing that, up to a million new jobs could be created at a million small businesses, Alibaba said. Trump said from Trump Tower in New York City. "China and US relations should be strengthened and more friendly", he said.

Similar to its focus in Australia, Alibaba wants USA small businesses and farmers to sell products and services through Alibaba's platforms to China and Asia.

Like eBay or Etsy, Alibaba enables third-party sellers in China to promote their services and products online.

Trump's response to the offer has been extremely subdued compared to his statements after promises by other companies to create jobs by a few thousands.

Alibaba and Mr Shen, who now owns 9.2 per cent of Intime, will pay HK$10 apiece for the Intime shares they do not already own, a deal that will require as much as HK$19.8 billion including stock options. There's also the investigation by US Securities and Exchange Commission into whether Alibaba's accounting is violatingfederal laws.

  • Desiree Holland