The Alibaba founder was speaking at a session at the World Economic Forum on 'Enabling e-commerce: Small enterprises, global players'.

Forget 'made in China', future will be about 'made on Internet': Jack Ma in Davos

"Facebook and Google effectively control over half of all internet advertising revenue," the 87-year-old told diners during a speech.

George Soros to Google and Facebook: Your days are numbered

The Chinese president, however, clarified that globalisation should be more inclusive and sustainable

At Davos, China's Xi Jinping says 'no point blaming economic globalisation for the world's problems'

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Forget 'made in China', future will be about 'made on Internet': Jack Ma in Davos

George Soros to Google and Facebook: Your days are numbered

At Davos, China's Xi Jinping says 'no point blaming economic globalisation for the world's problems'