“We come here… to the US to create one million jobs” Alibaba

 David Wei, CEO of Alibaba.com, the world's largest business to business online network, noted that the United States pays scanty attention to small businesses which on the contrary should be considered as big part of the economic recovery. He said that his company will help create hundreds of thousands of jobs in the US. 

“We come here (to the US) and want to create one million jobs, in particular to help accelerate exports outside the US," David Wei, CEO of Alibaba.com. 

“Although we may not be as rich as Goldman Sachs, we’ve got one billion dollars on our accounts and will devote every cent of it to small and medium businesses,” Wei says. 

On the current state of small businesses, Wei thinks the buying power of US small businesses has picked up since 6 months ago, and expects a stronger pickup in Q4. 

Wei doesn’t believe the economy will recover unless small business recovers because smaller business generates more jobs and more GDP growth than bigger companies. He said he doesn’t think the US government has given enough attention and credit to small businesses at this stage of the economic recovery.