Donald Trump met with Alibaba chairman Jack Ma, discussing a potential 1 million new U.S. jobs. Ma said that Alibaba's expansion would focus on products like garments, wine and fruits, especially in the Midwest. This meeting was planned to focus on the Chinese e-commerce company's U.S. expansion plans, according to spokespeople for both Alibaba and Trump. According to a source that told CNBC, Ma had planned to be in New York on Monday and the scheduling worked out for the meeting at Trump Tower.
Alibaba spokesperson told CNBC before the meeting that the Chinese online retail giant company would create 1 million jobs over the next five years, Ma's comments fixated on supporting small businesses. "We 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," Trump said. "Jack and I are going to do some great things."
"We're focused on small business," Ma told reporters. "We specifically talked about ... supporting 1 million small businesses, especially in the Midwest of America. Small businesses on the platform selling products — agriculture products and America services — to China and Asia, because we're pretty big in Asia." Shares of Alibaba rose over 1.1 percent after the matter.