Space Industry and Business News  
TRADE WARS
Alibaba's Ma makes star turn as Davos pivots to China
By Alex PIGMAN, Katy Lee
Davos, Switzerland (AFP) Jan 19, 2017


Olympics: Ma's Alibaba and IOC in digital partnership
Davos, Switzerland (AFP) Jan 19, 2017 - The International Olympic Committee (IOC) and Alibaba founder Jack Ma announced on Thursday a partnership in which the organisers of the Olympic Games will rely on the Chinese e-commerce titan for a digital upgrade.

The partnership was announced at the World Economic Forum in Davos, Switzerland, by Ma and IOC President Thomas Bach, who said the plan would give the Olympics a more modern face that would carry the IOC "into the digital age".

"This is to engage better with a younger generation... (by) using the different digital platforms to motivate young people to play sports," Bach told journalists at the Davos talk-fest.

"We want to get the couch potatoes off the couch," he added.

In the deal, Ma's Alibaba will provide digital technology, including cloud computing, to the IOC, which will become better prepared against cyber attacks, a statement said.

Alibaba would also open up its hugely popular shopping website to the IOC to sell officially licensed Olympic products, despite worries worldwide about the massive presence of counterfeits on the company's platforms.

"Alibaba's partnership with the IOC is built on a foundation of shared values and a common vision for connecting the world and enriching people's lives," Ma said.

"We are always looking for partners and finding ways to empower them," he added.

Ma dismissed allegations that his company was doing too little to fight counterfeit products.

"Anything that happens in the real world, happens in the virtual world. Governing and managing a world like that is not easy," Ma said.

But he added: "We have 2,000 people devoted to the problem, the largest counterfeit-fighting team in the world."

President Xi Jinping wowed the audience in Davos with his exaltation of globalisation, but China's real "Davos Man" may be the omnipresent and deal-hungry founder of Alibaba, Jack Ma.

From his ties to US president-elect Donald Trump and his appetite for Hollywood cinema to a new partnership with the Olympic Games, Ma was everywhere at the World Economic Forum, the yearly chat-fest for the world's most powerful leaders and executives.

Ma's star turn -- and another in Davos by Xi, who extolled globalisation and denounced protectionism -- came as US tycoons jetted back to Washington in time for the inauguration Friday of the unabashedly populist Trump.

"He is very open-minded," Ma said of the Republican property developer at one of several Q&A sessions he headlined over the four-day Davos forum, which ends shortly after Trump's investiture.

Ma is one of the few business leaders to have made it up the golden elevator at Trump Tower in New York.

In a meeting earlier this month, Ma told Trump his online trading company could help deliver a million jobs to the US, a bold commitment the Chinese businessman staunchly defended in Davos.

"I'm not talking to a normal person, I'm talking to the president-elect about the creation of jobs... This couldn't be a joke," he said.

Chummier relations with the US will be a priority for Ma. In December, Washington put a division of Alibaba back on a blacklist of "notorious markets" known for selling counterfeit goods and violating intellectual property rights.

"Things like fake products, counterfeit, we've been fighting for 17 years, since the day we set up," Ma said.

"We have 2,000 people devoted to the problem, the largest counterfeit-fighting team in the world."

- 'Die on the beaches' -

Quick with a smile or jokey quip, the former English teacher was at ease before the elites gathered in Davos.

"My favourite movie, 'Forrest Gump': you know, life's tough, this is what I've learned, and that inspired me," Ma said at another session that delved into his love for Hollywood.

"That is why when people call me crazy, stupid for the past 17 years... I told myself, Forrest Gump said go ahead. Never care about the other people."

Ma's rags-to-riches history is atypical in Davos, where many attendees are top executives who rode a seemless track from exclusive schools to senior jobs at multinational companies. They have given rise to the caricature of "Davos Man", a rich, rootless tourist of international conference venues.

Seventeen years ago, after an inspirational visit to the United States, Ma persuaded friends to back him with $60,000 to start an e-commerce firm called Alibaba.

Now, the company is an Internet giant and Ma is among the topmost ranks of China's super-rich.

Then again, he believes that life should not be all work.

"The world is so wonderful. Why should I be the CEO of Alibaba all the time?" Ma said, goading the Davos audience of highly paid workaholics.

"I don't want to die in my office. I want to die on the beaches," he said.

But Ma is also an avid deal-maker and his visit to Davos was not all glad-handing and photo ops.

On Thursday he announced a partnership with the International Olympic Committee to give the organisers of the Olympic Games a digital overhaul.

This month he took control of Chinese malls operator Intime in a $2.6 billion deal. Last year, his company bought a stake in Steven Spielberg's Hollywood studio.

In Davos, Ma said he was eager to explore more Hollywood investment.

"We believe Hollywood, the movie industry, brings people happiness. Because today, nobody's happy," he said.

Ma is careful to steer clear of China's communist politics, but did suggest the US might have avoided the anti-globalisation backlash if it had spent less on foreign wars and more on helping the average Joe at home.

"What if they had spent part of that money on building up the infrastructure, helping the white-collars and the blue-collars?" he said.

arp/jit/eb

Alibaba


Comment on this article using your Disqus, Facebook, Google or Twitter login.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
Global Trade News






Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Previous Report
TRADE WARS
China 2016 growth slides to 26-year low: AFP poll
Beijing (AFP) Jan 18, 2017
China's growth slipped to its slowest rate in more than a quarter of a century in 2016, an AFP survey has forecast, as analysts see mounting risks for the world's number two economy with Donald Trump heading for the White House. While the Asian giant is a key engine of the global economy, affecting businesses and employment across the planet, its leaders are trying to shift from reliance on ... read more


TRADE WARS
Glass's off-kilter harmonies

ChemChina 'to file for anti-trust approval in US' for takeover

Breaking the optical bandwidth record of stable pulsed lasers

A toolkit for transformable materials

TRADE WARS
Northrop Grumman receives $140m BACN contract modification

Sharing battlefield information at multiple classification levels via mobile handheld devices

BAE Systems contracted for radio frequency countermeasure services

Harris secures $403 million tactical radio support contract

TRADE WARS
Russia to face strong competition from China in space launch market

Vega And Gokturk-1A are present for next Arianespace lightweight mission

TRADE WARS
Oregon deploys DT Research Rugged Tablets for Construction Projects

China to offer global satellite navigation service by 2020

Austrian cows swap bells from 'hell' for GPS

Russia, China Making Progress in Synchronization of GLONASS, BeiDou Systems

TRADE WARS
Australia defends end of MH370 search, future hunt not ruled out

NASA research is key to future of air transportation

Taiwan begins F-16 upgrade program

Mystery remains as MH370 search called off

TRADE WARS
Apple antitrust suit: Qualcomm overcharged 'billions'

The speed limit for intra-chip communications in microprocessors of the future

China's largest chip company to build $30 billion semiconductor factory

Chip-sized, high-speed terahertz modulator raises possibility of faster data transmission

TRADE WARS
Study tracks 'memory' of soil moisture

SAGE III to Provide Highly Accurate Measurements of Atmospheric Gases

exactEarth reports initial launch for its second generation real-time constellation

Sentinel-2B launch preparations off to a flying start

TRADE WARS
Trump could enact sweeping changes to environment policy

China tells local meteorological bureaus to stop smog alerts

Researchers develop environmentally friendly soy air filter

Slovenian dogs sent 'crazy' by road salting mix-up









The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us.