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Alibaba Group Chairman Jack Ma speaks on the "Singles' Day" global online shopping festival in Shenzhen, southern China's Guangdong province Friday, Nov. 11, 2016. In a bright spot for China's cooling economy, online shoppers spent billions of dollars Friday on "Singles Day," a quirky holiday that has grown into the world's busiest day for e-commerce. (AP Photo/Kin Cheung)

The founder of Alibaba launched a program to help US small businesses sell to China

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One of the founders of the biggest businesses in China wants to help U.S. small businesses sell to his homeland.

Jack Ma, founder and executive chairman of Alibaba, is following through on a promise he made to President Trump in January, USA Today reports. He will hold a conference June 20-21 in Detroit to teach American businesses how to sell to China, one of the biggest small business markets in the world.

Ma claims his business strategy will create more than 1 million U.S. jobs.

Jack Ma.jpg
Jack Ma, Executive Chairman of Alibaba Group speaks during the press conference of Global Transformation Forum at Kuala Lumpur Convention Centre in Kuala Lumpur, Malaysia on Thursday, March 23, 2017. Chinese e-commerce giant Alibaba Group Holding Limited plans to set up a regional distribution hub in Malaysia to cater to its fast-growing business in the region, two sources aware of the discussions said. (AP Photo/Daniel Chan)

Ma hopes to invite up to 2,000 small-business owners, entrepreneurs and farmers to his conference, teaching them about economic opportunities in China and how best to sell there.

Alibaba currently has stakes in 7,000 U.S. businesses, many of them large companies and brands. Alibaba hopes to increase that total to 1 million by focusing on small businesses in the next five years.

Chinese customers may be interested if Alibaba can pull this off, since American imports are considered reputable and high-quality in China. The U.S. already exports about $15 billion in goods to China every year. 

President Donald Trump speaks during a meeting on women in healthcare, Wednesday, March 22, 2017, in the Roosevelt Room of the White House in Washington. (AP Photo/Evan Vucci)
President Donald Trump speaks during a meeting on women in healthcare, Wednesday, March 22, 2017, in the Roosevelt Room of the White House in Washington. (AP Photo/Evan Vucci)

Trump has shown conflicting opinions about China, calling them a "currency manipulator" that was "raping our country" during the campaign, but showing more willingness to work with the nation in recent weeks.

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