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.
Amazon is being sued by U.S. regulators and and 17 states over allegations that the company abuses its position in the marketplace to inflate prices on other platforms, overcharge sellers and stifle competition.
