Alibaba woos US small business
China's e-commerce giant Alibaba Group chose Detroit, Michigan to stage its inaugural two-day Gateway '17 Summit, which kicked off on June 20 and is designed to educate US small and medium-sized enterprises on the Chinese market and consumer demands to ultimately help them sell to China.
Approximately 3,000 US SMEs registered for the summit, almost triple the number Alibaba expected. Among them, 673 are from Michigan and 103 of those from the Detroit metro area.
In a conversation with US SME representatives on Tuesday, Alibaba founder and executive chairman Jack Ma said this first-ever event was "what he has been dreaming of for 18 years" - a trade show held solely for the benefit of small businesses.
Industry observers believe the event is also to fulfill the promise Ma made during his meeting with the then-president-elect Donald Trump in January - that Alibaba could help create 1 million US jobs over five years by enabling small businesses to sell goods on Alibaba's e-commerce platforms.
Small businesses in China have an acclaimed record of helping Alibaba lay a solid foundation for a decade of rapid growth, and transform the e-commerce company into today's robust conglomerate that has 50,000 employees worldwide and has generated $547 billion in gross merchandise volume as of March 2017, said Ma.
The Chinese success stories can be replicated in the US, he added. "Alibaba is made in China but our mission is to help SMEs worldwide".
Calling himself a true believer in globalization and free trade, Ma hopes globalization could be more "inclusive and support SMEs' participation in globalization".
Having accumulated more than 800 flight hours last year by attending trade shows and expos worldwide to promote Alibaba's business solutions, Ma said he plans to fly longer hours, probably 1,000 or so this year, to help US SMEs grow globally and sell to China.
"This summit is just the very beginning of our endeavors in the US," he said.
Becky Feinberg-Galvez, CEO of Shop4Ties, brought samples of ties and bows from her 30-year-old family factory in Chicago. She said China is a market too huge to miss, and "this summit is educational and informational".
Timeless, a skincare products manufacturer in South California, wants to learn more about the Chinese market at the event. "It's eye-opening to know the huge market potential in China," Glenda Nunez, customer relations manager, said. "We are in the process to work with Tmall to expand our business to China."
On Monday when meeting Michigan State Lieutenant Governor Brain Calley, Ma shared his thoughts on connecting US Midwest small businesses through Alibaba with the 300 million Chinese middle class customers who won't hesitate to pay heftily for good-quality products.
Contact the writers at changjun@chinadaily.com.cn and zhangyuan@chinadaily.com.cn
Calvin Zhou contributed to this story.