Alibaba CEO Jack Ma meets with Trump, pledges to create 1 million US jobs
Sean Gallup/Getty Images
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.
The meeting was confirmed by transition sources.
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:
JUST IN: Alibaba's Jack Ma arrives at Trump Tower for meeting with the President-elect. pic.twitter.com/26fHqGaAVg- CNBC (@CNBC) January 9, 2017
- Best Amazon deals on large appliances - AC, TV, Fridge, Washing machine, Dishwasher
- How Russia-Ukraine war helped this Thane-based company become a multibagger
- Bollywood’s flops now pose a big risk to multiplex chains
- As companies prepare to hire and retain, they're hiring more HR professionals
- Adani Ports Q1 profits declines to ₹1,091 crore