Chris Tung, Chief Marketing Officer at Alibaba, discusses the company's first official partnership with the International Olympic Committee. This year, Alibaba is the exclusive worldwide partner of the Olympic Games for cloud computing and e-commerce.
Tung says it's been a "fantastic" first experience for Alibaba at the Olympics. Alibaba has been able to showcase its cloud computing power at the games.
Sports betting has spread rapidly across U.S. states in the past five years. But the odds for further expansion may be fading as state legislatures prepare to return to work in 2024.