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Alibaba CEO Jack Ma meets with Trump, pledges to create 1 million US jobs

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Sean Gallup/Getty Images

Jack Ma, the founder and CEO of Alibaba Group, is meeting with President-elect Donald Trump at Trump Tower.

According to a tweet from Alibaba, the two are discussing plans to create one million US jobs by allowing small and medium-sized businesses to sell to China through the company’s platforms.

“$BABA wants to create US jobs by helping US small businesses and farmers sell to China’s 300 million-strong middle class,” said a tweet from Alibaba.

The meeting was confirmed by transition sources.

Alibaba has been planning to expand more aggressively into the US. The company has expanded its New York City US headquarters and the company has been making a push for international participation in its signature Singles’ Day sale.

Alibaba also tweeted pictures of Ma walking to meet Trump and waiting inside Trump Tower.

The meeting comes just a few weeks after Trump met with another Asian technology powerhouse, Masayoshi Son the CEO of SoftBank. At that meeting, Trump took credit for a previously announced investment by a fund run by Son and said that the fund would help to create 50,000 jobs.

Additionally, the meeting with Ma, one of China’s richest men, comes after Trump has repeatedly criticized China and its trade policies.

Following news of the meeting, Alibaba stock rallied and is up just over 1% as of 11:45 a.m. ET. It had been trading in the red up until the announcement.

Watch Ma walk into Trump Tower:

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