Joey Tan, Head of Global Strategic Initiatives at Alibaba Cloud, discusses recent partnerships with FIFA and the Olympics and why getting into the sports industry is great for the company's continued growth. Tan discusses how the cloud platform seeks to enhance the viewer experience and make games more widely available to groups that may not normally get to experience it. Tan talks how the Alibaba Cloud seeks to work in "smart" cities and how first tackling sports arenas can lead to developing municipalities.

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Nestlé dismisses CEO after he has relationship with a subordinate
Nestlé has dismissed its CEO Laurent Freixe after an investigation into an undisclosed relationship with a direct subordinate. The company announced on Monday that the dismissal was effective immediately. An investigation found that Freixe violated Nestlé’s code of conduct. He had been CEO for a year. Philipp Navratil, a longtime Nestlé executive, will replace him. Chairman Paul Bulcke stated that the decision was necessary to uphold the company’s values and governance. Navratil began his career with Nestlé in 2001 and has held various roles, including CEO of Nestlé's Nespresso division since 2024.
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