You're confusing mercantilism and globalism. China's firms operate as an extended arm of China's domestic policies (or they don't operate at all).
The US allows Toyota (Honda, Hyundai, BMW, Mercedes, whomever) to set up its self-owned operations in the US and compete largely at will with Ford and GM. That's globalism. The US is still the king of it by far, among major economies. Compare the US rules in that regard to Germany, Japan and China (the next three largest economies); and maybe take a look at Brazil, India and Russia while you're at it (see: all the barriers put in Amazon's way in India).
Alibaba et al. are not busy in China aggressively arguing for the state to drop its one-sided economic policies. Those policies have gifted Alibaba the keys to a trillion dollar protected kingdom.
In the US, as a foreign entity you can establish a business and own 100% of it. Your rules of competition and operation are almost entirely the same as a native US firm. You can acquire the radical majority of all types of businesses at will (with a few exceptions). The US will allow a company like Bayer to buy a very important strategic company such as Monsanto, for example (or Sanofi with Genzyme, or Roche with Genentech). Such a thing would never be allowed in a million years in China.
Try to do that with an airline for example. Good luck getting more than 25%.
Wat?