Jack Ma Yun, founder and executive chairman of e-commerce giant Alibaba, on Tuesday (U.S. time) extended his invitation to small businesses in the U.S. to join the e-commerce site as a way to sell their products in China.
"Our U.S. strategy is to help small business in America to go to China and sell their products in China, in the most efficient ways," Ma, who led his company to a record stock market debut in September, said in a speech hosted by the Economic Club of New York.
Since Alibaba went public on the New York Stock Exchange in September, Ma said, he has been asked about his company's international plans and US strategy.
"We are not here to compete," he said, noting that Alibaba can empower U.S. small businesses with online traffic, payment system and logistic system to sell their goods easily to tap China's rising middle class.
