text: The United States has gained tremendously from globalisation, but has squandered the benefits by not spreading the rewards throughout society, Alibaba Group executive chairman Jack Ma said on Wednesday at the World Economic Forum in Davos. 
   
   He also urged the world to give Donald Trump time before passing judgment on how he might shape the future course of Sino-US trade relations. 
   
   Don’t blame globalisation for world’s ills, Xi Jinping tells Davos 
   
   Ma’s comments at the forum in Switzerland come after Trump threatened on the presidential campaign trail to slap punitive tariffs on Chinese exports to the US after accusing Beijing of adopting unfair trade practices and manipulating its currency. 
   
   Trump’s election victory and Britain’s vote to leave the European Union have also sparked an international debate over whether there is a political backlash against free trade and the benefits of globalisation. 
   
   “American international companies made millions and millions of dollars from globalisation,” Ma, the founder of Alibaba, the world’s largest online retailer, told the forum in Davos. “The past 30 years, companies like IBM, Cisco and Microsoft made tonnes of money.” 
   
   Alibaba is the owner of the South China Morning Post. 
   
   The problem, he added, lay in how the US has spent the wealth. 
   
   Chinese president presses pro-trade message in Switzerland before landmark Davos address 
   
   “In the past 30 years, America has had 13 wars at a cost of US$14.2 trillion,” he said. 
   
   “What if they had spent part of that money on building up their infrastructure, helping white-collar and blue-collar workers? You’re supposed to spend money on your own people. 
   
   “It’s not that other countries steal American jobs,” said Ma, echoing criticisms made by Trump of China’s economic and trade policies. “It is your strategy – that you did not distribute the money in a proper way.” 
   
   Ma met with Trump in New York earlier this month and said he told the incoming US president he was still optimistic about globalisation, even though there were areas that should be improved. 
   
   He told also Trump that both the US and China could benefit from a more inclusive form of globalisation where the gains were more widely shared. 
   
   “I believe globalisation is good, but it needs to be improved. It should be inclusive globalisation.” 
   
   Ma added the world should give Trump more time to sort out how the US will deal with China in its trade relations. 
   
   “He’s open minded and he’s listening,” Ma told the forum. 
   
   Alibaba offers Trump 1 million US jobs, builds bridge for Sino-US ties 
   
   The Chinese internet tycoon said the consequences of a trade war between the world’s biggest and second-largest economies would be too grave for both countries to bear and they should do everything to avoid it. 
   
   “It’s so easy to launch a war. It’s so difficult, almost impossible sometimes, to terminate that war,” he said. “The Iraq war, the Afghanistan war, are those finished?” 
   
   Ma gave an indirect reply when asked who initiated his meeting with Trump in New York. 
   
   He said there were “some people” who asked if he wanted to meet Trump and he initially declined because he did not know what to discuss with the president-elect. 
   
   But after others asked him a few days later, he replied in an email that he was ready for the meeting and believed Trump would be happy to meet him, too. 
   
   China’s Xi calls for a world without nuclear weapons 
   
   “At least I think president-elect Donald Trump would be happy to hear what I want to talk about so I went,” he said. 
   
   Ma said the meeting with Trump had gone better than he expected. 
   
   “We spoke about how we can help small American businesses sell their products in China and Asia through our network, which can create a lot of jobs for them,” he added. ||||| Chinese billionaire Jack Ma, the CEO and founder of ecommerce giant Alibaba Holdings (BABA), spoke at the World Economic Forum in Davos, Switzerland, on the U.S. economy in relation to China. 
   
   Last week, Ma met with President-elect Donald Trump in New York to discuss Alibaba’s commitment to help American small businesses by bringing more U.S. companies onto its sites. As one of the world’s most powerful businessmen, the Alibaba CEO expressed his belief in the importance of empowering small businesses to drive global economic prosperity. (See also: Alibaba’s Jack Ma Meeting Donald Trump Serves Both Parties.) 
   
   Throughout the campaign, Trump repeatedly badmouthed China, criticizing U.S. firms for “sending jobs abroad,” and assuring his constituents that they will see a lot more “Made in America” tags. More recently, Trump’s jargon has circled around various threats including a new tariff on Chinese imports. 
   
   Ma’s Diagnosis 
   
   When asked by CNBCs’s Andrew Sorkin about Trump’s proposed policies that would negatively impact China, Ma said the U.S. is misunderstanding the cause of its job problem. He suggests lower wages and disappearing jobs are not because other countries steal jobs from the U.S. but rather because of the distorted distribution of money, in which the government allocated $14 trillion to war over the past three decades. Ma indicates the funds could have been used to fix America’s failing infrastructure. 
   
   The Alibaba CEO instead deemed outsourcing as a byproduct of globalization a “wonderful” strategy. "The American multinational companies made millions and millions of dollars from globalization," Ma said. "The past 30 years, IBM, Cisco, Microsoft, they've made tens of millions—the profits they've made are much more than the four Chinese banks put together ... But where did the money go?" 
   
   Corporate Hoarders 
   
   Ma is speaking to the billions of dollars in corporate cash that U.S. multinational companies, primarily big tech companies, are hoarding overseas. Ma uses U.S. corporate cash piles abroad as an example of how globalization, which he sees as fundamentally beneficial, is disproportionately servicing the wealthy few. (See also: Big Tech Is Sitting on $1.77 Trillion.) 
   
   While Trump’s proposed policy includes a huge one-time corporate tax cut on repatriated cash, many disagree on whether the proper incentives and regulations are in place to make sure the profits get distributed more broadly. ||||| Alibaba founder Jack Ma fired a shot at the United States in an interview at the World Economic Forum in Davos, Switzerland. 
   
   Ma was asked by CNBC's Andrew Ross Sorkin about the U.S. economy in relation to China, since President-elect Donald Trump has been talking about imposing new tariffs on Chinese imports. 
   
   Ma says blaming China for any economic issues in the U.S. is misguided. If America is looking to blame anyone, Ma said, it should blame itself. 
   
   "It's not that other countries steal jobs from you guys," Ma said. "It's your strategy. Distribute the money and things in a proper way." 
   
   
   
   He said the U.S. has wasted over $14 trillion in fighting wars over the past 30 years rather than investing in infrastructure at home. 
   
   To be sure, Ma is not the only critic of the costly U.S. policies of waging war against terrorism and other enemies outside the homeland. Still, Ma said this was the reason America's economic growth had weakened, not China's supposed theft of jobs. 
   
   In fact, Ma called outsourcing a "wonderful" and "perfect" strategy. 
   
   "The American multinational companies made millions and millions of dollars from globalization," Ma said. "The past 30 years, IBM, Cisco, Microsoft, they've made tens of millions — the profits they've made are much more than the four Chinese banks put together. ... But where did the money go?" 
   
   He said the U.S. is not distributing, or investing, its money properly, and that's why many people in the country feel wracked with economic anxiety. He said too much money flows to Wall Street and Silicon Valley. Instead, the country should be helping the Midwest, and Americans "not good in schooling," too. 
   
   "You're supposed to spend money on your own people," Ma said. "Not everybody can pass Harvard, like me." In a previous interview, Ma said he had been rejected by Harvard 10 times. 
   
   
   
   Along those lines, Ma stressed that globalization is a good thing, but it, too, "should be inclusive," with the spoils not just going to the wealthy few. 
   
   "The world needs new leadership, but the new leadership is about working together," Ma said. "As a business person, I want the world to share the prosperity together." 
   
   — CNBC's Anita Balakrishnan contributed to this report. ||||| Alibaba has bagged a big Olympic deal. 
   
   For 12 years, the Chinese e-commerce giant will supply technology to the International Olympic Committee to help organize the Games, support a new shopping platform for merchandise and run a Chinese version of the Olympic internet TV channel. 
   
   Jack Ma, the founder and executive chairman of Alibaba (BABA), announced the deal at the World Economic Forum in Davos, Switzerland, alongside IOC President Thomas Bach. 
   
   Ma called it a "historic day for Alibaba." 
   
   "This is a long term agreement, we are the first Chinese company to engage in an agreement like this, and we are hoping we can empower the Olympic movement even more," Ma said. 
   
   Alibaba will create a global e-commerce platform that will sell official Olympic products to fans. 
   
   "All our 206 national Olympic committees will be able to connect better with fans looking for Olympic-licensed products," said Bach. 
   
   Related: Jack Ma warns of 'disaster' if Trump doesn't work with China 
   
   The deal will last until the 2028 summer Olympics, covering the next six games -- three winter, three summer. 
   
   Alibaba will support the organizers of each games, and in return receive rights including advertising and promotional use of Olympic marks and imagery from the Olympic Games, as well as marks from the National Olympic Committees. 
   
   Neither Alibaba nor the IOC would comment on the financial value of the deal. 
   
   Alibaba has also become a partner of the "Olympic Channel," launched after the 2016 Rio Olympics to show Olympic content all year round online and on iOS and Android mobile apps. 
   
   Bach said the deal was first discussed a year ago. "[Ma] inspired me from the very first moment...now we are here to announce this exciting partnership," he said. 
   
   One area of potential friction is counterfeits on Alibaba's platforms. (The U.S. just returned Alibaba to its "notorious markets list" for pirated goods.) The IOC and national organizing committees go to great lengths to protect Olympic trademarks. 
   
   Ma pledged to do more to tackle the problem. He said Alibaba is spending more than one billion yuan to fight the problem, but admitted there was no easy answer. 
   
   "We are listing more than 1.2 billion products on our site, this is a huge world, governing and managing a world like this is not easy," he said. "This is something that I am gonna fight for... we are confident that by working together [with the IOC], we are going to create a masterpiece," he said.
target: – Tempted to blame China for your economic woes, America? Take a look in the mirror instead. That was the message of Alibaba founder Jack Ma Wednesday at the World Economic Forum in Davos, Switzerland, where he wagged a finger at the US for blowing $14 trillion on war efforts over the past three decades while letting US infrastructure languish, CNBC reports. "It's not that other countries steal jobs from you guys," Ma said, instead citing an error in US strategy, per the South China Morning Post (which is owned by Alibaba). While globalization has enriched us, the country ends up funneling money to Wall Street and Silicon Valley instead of to Main Street USA and people "not good at schooling," he said, adding "not everybody can pass Harvard like me." He also asked where billions of dollars made by major multinational corporations like Microsoft and IBM has gone, which Investopedia sees as a reference to the cash they've squirreled way abroad. Ma's comments come in the wake of campaign warnings from Donald Trump that the US could hit China with tariffs on its exports here, though Ma says he's met with Trump sees him as "open minded and … listening," per SCMP. In other big Alibaba news, an Olympic-sized announcement: CNN reports the Chinese e-commerce company has made a deal to supply technology and other services for the next six Olympic Games. (Here's what else Ma and Trump talked about.)