China's tech giants take center stage at Asian games after prolonged crackdown: Report
Alibaba, a prominent Chinese tech company, had been subject to control by the ruling Communist Party. However, the Asian Games taking place in Alibaba's hometown are presenting a valuable opportunity.
As reported by AFP, established by Jack Ma nearly 25 years ago in Hangzhou, Alibaba is crucial for the Games as it operates the event's cloud computing system, without which the multisport extravaganza would likely face disruptions. Demonstrating Alibaba's apparent return to prominence, at least temporarily, organizers are arranging excursions for journalists to visit the company's campus, recognizing it as “a pioneer in China's Internet economy." Alibaba possesses the Dingtalk platform, akin to Slack, utilized by the Games' workforce, and the Alibaba-affiliated Alipay stands as the sole Chinese digital wallet accepted at the venues.
Exciting news! Mint is now on WhatsApp Channels. Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Alibaba's collaborative agreements with the Games were established prior to the formal crackdown designed to control China's rapidly growing tech industry.
The Games now represent a valuable opportunity for Alibaba to enhance its reputation once more and for its representatives to engage with political, business, and sports figures from various regions, including China, Asia, and other parts of the world, AFP reported. Also Read: Asian Games 2023 LIVE Updates Day 3: India sailor Neha Thakur clinches silver medal in Girl's Dinghy In 2020 Alibaba became the country's first tech giant to bear the brunt of increased oversight.
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