📺 Stream EntrepreneurTV for Free 📺

Martha Stewart and Jack Ma Powwow About Global Domination The woman at the head of the U.S. home decor empire and the man at the head of the gigantic Chinese ecommerce platform have risen to become titans of business by bowing at the altar of the middle class.

By Catherine Clifford

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Between the two of them, Martha Stewart and Jack Ma have economic reign over a mind-boggling and ever increasing segment of the global consumer population. And it turns out they're sharing tricks of the trade with one other.

"Last year I went to China," said Stewart, speaking at the Social Media Week conference in New York City this week. "And I called up a company called Alibaba and I asked if I could come visit with this guy Jack Ma."

This guy, Jack Ma, in case you haven't heard, is one of the richest men in the world. He made north of $18 billion last year largely because his Chinese ecommerce platform, Alibaba, went public.

Related: The Billionaires Who Gained and Lost the Most Money in 2014

Stewart's home-decorating, cooking and DIY-empire has spanned magazines, television programming, online content and branded home goods, making her a household name throughout the U.S. Her next goal is to focus on international expansion -- and so she sought out Ma for advice on the Chinese market.

"He said, "Martha, what you did there at Kmart in the early days is absolutely appropriate for what is going on in China now,'"she recalled of their conversation. Stewart's first major brand partnership was with Kmart, the budget big-box store. With that deal, her designer housewares became accessible to middle-class families.

"We went mass because I really did believe that the masses, the middle class and the lower middle class had every right to have well designed beautifully engineered and well made and affordable bedding and housewares and glasswares for your table and dishes."

Related: How Alibaba's Jack Ma Became the Richest Man in China

Ma informed her at the time that the middle-class population in China was 100 million strong and likely to grow to 300 million or 400 million over the next five years. With more people joining the middle class, they're expected to migrate from rural areas into China's big cities. As they move into urban apartments, "they need stuff, and they need to be able to afford stuff," Stewart said.

While there are no plans of any sort of partnership between them, one can only imagine what Stewart and Ma could accomplish as a team. They might end up decorating Mars and selling it to Pluto.

Related: 3 Steps to Sourcing Products Using Alibaba
Catherine Clifford

Senior Entrepreneurship Writer at CNBC

Catherine Clifford is senior entrepreneurship writer at CNBC. She was formerly a senior writer at Entrepreneur.com, the small business reporter at CNNMoney and an assistant in the New York bureau for CNN. Clifford attended Columbia University where she earned a bachelor's degree. She lives in Brooklyn, N.Y. You can follow her on Twitter at @CatClifford.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Side Hustle

He Started a Luxury Side Hustle at Age 13 — Now the Business Earns More Than $10 Million a Year: 'People Want to Help You When You're Young'

Michael Morgan, now the owner of Iconic Watch Company, always had a passion for "old things" — and he turned it into a lucrative venture.

Data & Recovery

Transfer Data Affordably for Life with This $30 License

EaseUS Disk Copy enables easy and affordable data transfers and Windows OS migrations without needing to reinstall.

Thought Leaders

It's the End of the Entrepreneurial Era As We Know It

With the rise of advanced technologies and AI, are we losing all sense of the independent business person and entrepreneur?

Franchise

These Are the Most Diverse and Equitable Franchises in 2024

If you're looking for a diverse franchise family, these brands are a great place to start.