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International Olympic Committee (IOC) president Thomas Bach, right, from Germany exchanges gifts with China's Jack Ma, left, Founder and Executive Chairman of Alibaba Group during a press conference at the 47th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Thursday, Jan. 19, 2017. (Laurent Gillieron/Keystone via AP)

International Olympic Committee (IOC) president Thomas Bach, right, from Germany exchanges gifts with China's Jack Ma, left, Founder and Executive Chairman of Alibaba Group during a press conference at the 47th annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Thursday, Jan. 19, 2017. (Laurent Gillieron/Keystone via AP)

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