Alibaba Executive Chairman Jack Ma arrives at Trump Tower in New York on Monday to meet with President-elect Donald Trump. (AP photo by Evan Vucci)
Jack Ma, founder of Alibaba, is meeting with President-elect Donald Trump to discuss the creation of a million jobs in the United States over the next five years, according to CNBC and other news outlets.
In the week after the election, Mr. Ma said in an interview with CNN that Mr. Trump risks disaster if he doesn’t work with China.
From Wikipedia: “Alibaba Group Holding Limited is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals. It also provides electronic payment services, a shopping search engine and data-centric cloud computing services. The group began in 1999 when Jack Ma founded the website Alibaba.com, a business-to-business portal to connect Chinese manufacturers with overseas buyers. In 2012, two of Alibaba’s portals handled $170 billion in sales. Suppliers from other countries are supported (with more stringent checks than for Chinese companies), but the company primarily operates in the People’s Republic of China. At closing time on the date of its initial public offering, 19 September 2014, Alibaba’s market value was $231 billion. However, the stock has traded down and market cap was about $212 billion at the end of December 2015. It is the world’s largest retailer as of April 2016,as well as one of the largest Internet companies.”