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China-Based Alibaba Signs On As IOC TOP Sponsor Through '28

Alibaba Group is becoming an IOC TOP partner in a long-term partnership through '28. Under the deal announced today at the World Economic Forum in Davos, the online shopping giant will be the IOC's official cloud services and e-commerce platform services partner, as well as a Founding Partner of the Olympic Channel. Alibaba becomes the first company to make a long-term commitment to the IOC through '28 and the first Chinese company to commit to the '22 Beijing Games (IOC).

This comes as Chinese President Xi Jinping met with IOC President Thomas Bach yesterday in Lausanne, where China's preparations for the '22 Games were "likely" atop the agenda (GLOBALTIMES.cn, 1/18).

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