Alibaba’s Jack Ma is Meeting With Trump About His US Expansion Plans

(YicaiGlobal) Jan. 10 — US President-elect Donald Trump is meeting with Jack Ma, China’s internet and e-commerce giant Alibaba’s founder right now. They will talk about Alibaba’s latest expansion plan, including creating new jobs in US over next five years, according to CNBC.

Earlier today, a source close to the matter told YicaiGlobal about the meeting. And the two is meeting at Trump Tower in New York.

In his latest interview with US broadcaster CNN, Jack Ma said, President-elect Trump will change his policy to China, despite what he said on the stump in the 2016 Presidential election and in several posts on social media, most notably Twitter.

In a stunning volte-face, Trump revealed the relationship between China and America is very, very important to both the US and China and the whole world.

While Trump sounded protectionist and isolationist trade policies during his election campaign, China’s policy makers and economists were concerned about the potential trade conflict between the world’s two leading economies.

Jack Ma also mentioned that he is looking forward to meet with the new US president when Trump is inaugurated and expressed his desire to talk about trade employment issues.

After the news broke out, Alibaba Group [NYSE:BABA] share price increased 1.16% to 94.98 USD per share during the morning trade session.