Alibaba's Jack Ma talks trade and jobs with Trump

Trump has criticized worldwide trade and US trade with China in particular, for the loss of jobs.

The Wall Street Journal noted how Ma's meeting with Trump was similar to that of SoftBank Group Corp.

In his trademark penchant of using the "g" word, Trump described the meeting as "great" to press waiting at the lobby, and introduced Ma as a "great, great entrepreneur - one of the best in our world". According to Trump, the pair discussed the creation of one million new jobs in the USA over five years through a deal that would see small businesses in America sell to Asia.

Ma, a citizen of China, appears often with leaders from the Communist Party's highest echelons and both have voiced admirations and support for one another.

With that in mind, Lewin added that Ma skillfully presented Trump with all key buzzwords that appeal to his administration and fit in with his economic and job creation pledges.

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The initiative underscored Alibaba's plans to "transform conventional retail" by tapping data and technology to improve customer reach, it said. With the start of 2017, it seems that the company will comply with its promise of 1 million recruitments in a total span of five years. Trump said, "Jack and I are going to do some great things".

Ma said this will be possible when his online shopping behemoth Alibaba brings to its platform as many as a million U.S. small businesses, which can sell their products to Chinese customers.

China's biggest e-commerce retailer, Alibaba (BABA) , said Monday it is teaming up with Shen Guojun, the founder of Chinese retailer Intime, to acquire the latter company for about HK$19.8 billion ($2.6 billion). Low sales through Alibaba's platform would hardly help small business in the U.S. to generate jobs, they said. "Alibaba is trying to blur the lines in its own business as consumers increasingly see their shopping as a continuous experience between brick-and-mortar locations and their mobile device".

The company has in recent years been aggressively courting foreign brands to set up Tmall stores to sell to China's vast and growing middle class by offering to smoothen out Chinese sales, payment and shipping processes. But Ma said that more contacts and initiatives through the business community will help China and the U.S.to better understand their political situation. There's also the investigation by US Securities and Exchange Commission into whether Alibaba's accounting is violatingfederal laws.

New Balance, for instance, is a Trump supporter, triggering controversy when it publicly sided with the GOP nominee late past year.

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