Alibaba Becomes Worldwide Sponsor of Olympic Games through 2028
Posted on:21 Jan 2017 09:28:28
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21 January 2017 Current Affairs: The International Olympic Committee (IOC) and Chinese e-commerce firm Alibaba Group entered into a long-term partnership through 2028 at the World Economic Forum in Davos, Switzerland.
This makes Alibaba the worldwide sponsor of Olympic Games through 2028.
The partnership was agreed between IOC President Thomas Bach, Alibaba Group Founder and Executive Chairman Jack Ma and Alibaba Group Chief Executive Officer Daniel Zhang.
With this Alibaba has become the first company in the world to make a long-term commitment to the IOC through 2028 as well as first Chinese company to commit to theOlympic Winter Games Beijing 2022.
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