Alibaba, which becomes the official e-commerce and cloud services partner, joins a dozen other companies - including Coca-Cola and McDonald’s - as top Olympic sponsors.
No financial details were disclosed. IOC sources have previously told Reuters that major sponsors pay about $100 million per four-year cycle, which includes one summer and one winter games.
(Reporting by Karolos Grohmann; Editing by Pravin Char)
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