President-elect Donald Trump expressed confidence following a Monday meeting with Alibaba executive chairman Jack Ma, who recently announced that the massive Chinese corporation may expand to the United States and bring with it a whopping 1 million jobs.
These jobs would spring into existence thanks to Alibabaâ€™s hopes to foster small businesses in industries like garments and wine that could eventually foster increased trade between the U.S. and southeast Asia.
â€śAlibaba will create 1 million U.S. jobs by enabling 1 million American small business and farmers to sell American goods to China and Asian consumers on the Alibaba platform,â€ť the company announced in a statement.
â€śWeâ€™re focused on small business. We specifically talked about â€¦ supporting 1 million small businesses, especially in the Midwest of America,â€ť Ma clarified to reporters after his meeting with Trump. â€śSmall businesses on the platform selling products â€“ agriculture products and America services â€“ to China and Asia, because weâ€™re pretty big in Asia.â€ť
Alibaba currently operates similarly to Etsy by allowing sole proprietors and small business owners to easily sell their goods via the internet. Ma, with support from the incoming Trump administration, would bridge the gap between the voracious Chinese market and a huge number of independent American producers through its online platform.
â€śWe had a great meeting, and a great, great entrepreneur, one of the best in the world, and he loves this country, and he loves China,â€ť Trump said. â€śJack and I are going to do some great things.â€ť