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.  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. "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 ... 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. “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. 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.
– 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.)