 Good afternoon ladies and gentlemen and welcome to this press conference from the 47th annual meeting of the World Economic Forum here in Davos We've kept you in the dark for a while, but now you see some signs What this press conference is about it is definitely a very exciting Partnership we're announcing here today. We're very pleased that the forum can offer this platform Let me quickly introduce to you our panelists even though I think most of you might know them To my immediate left. We're joined by Daniel Chang who's the chief executive officer of Alibaba group Next to him. We're joined by Jack Ma who's the executive chairman of Alibaba group Right there in the middle of the panel. We're joined by Thomas Bach the president of the International Olympic Committee or IOC and Last but definitely not least we're joined by Timo Lumme the managing director of the IOC television and marketing Services to give you a quick idea of what we want to do today We will hear two short statements from mr. Ma and president Bach on the partnership We're announcing here today and after that we'll open the floor for questions and answers Thank you very much without further ado a president Bach. Let's start with you. I'd like to invite you to give you a statement Thank you. Thank you very much We're indeed very happy today to announce a Historic strategic partnership in the digital world Which will transform the global Olympic movement According to our road map for the future of the Olympic Games and the Olympic movement of the Olympic agenda 2020 Alibaba will become our digital partner and Provide three major assets to the IOC and to the Olympic Games First with their First in class and the innovative cloud technology Alibaba will help the IOC to Organize the Olympic Games more efficiently more effectively and more securely and Will open for us the door to the world of big data analytics second with the creation of a global Olympic e-commerce platform all Our stakeholders in including all our 206 national Olympic committees Will be able to engage and connect better with all the fans looking for Olympic licensed products third with the Resistance to the Olympic Channel, which is our digital platform which is programming About the Olympic sports Olympic athletes and Olympic values 365 days a year With their resistance to this Olympic channel Alibaba will create even better opportunities For the billions of Olympic fans around the world to follow their channels program so I think You can understand why The IOC is so excited about this a partnership and that We could arrive to this moment in just about a year Because this is about a year ago a check and I met for the first time there in in Los Angeles our headquarters and there with His first remarks There about the future of the digital world and about the future of sport in the digital world He inspired me from from the very first moment and since then we have been in touch and talking and now after these preparations We are here and can announce this exciting partnership Thank you President Bach Mr. Ma, if you want to add to that, please. Yeah, thank you President Capac and Thank you IOC and thank you everyone. We are very very excited and honored for you guys to join this historical day for Alibaba President just said that we met last year and you know It's a great opportunity for me to meeting him last year So I talked about the digital and how we can make Olympic world digital, but he inspired me by the Olympic sprit and the Olympic agenda of 2020 That was something that get more young people involved because for Alibaba our vision and our strategy We believe 10 20 years later That Alibaba should focus on happiness and health. We believe that we should make more young people Join the sports make the world happier So we share the same values same vision and we think that Alibaba definitely can Bring a lot of value to the Olympic Games Olympic families with our technology cloud computing and Internet technology that can empower that More young people to reach and interact with the Olympic things and especially I think today our cooperation means a lot, you know, I'm a believer of globalization Olympic is the spirit of globalization make the young people connect each other make every country connect to each other and I think the olympic sprit is About teamwork about working together about a peaceful fair and Nice competition. This is what we want and this is what we Alibaba want to join the force together with olympics It's our great great honor and this is a long-term commitment. We are proud as the first Chinese company that have three term, you know 12 years commitment and then we will we were making sure this thing work And we were sure to make this thing help and I think Alibaba is a company We will we'll found in China, but we are built for the world So this is we have a global vision and with olympics definitely can help Our empower our dreams and our technology can in hope that can empower the spirit of Olympics and empower the Olympic games even better. Thank you. Thank you, mr. Ma And I know there's a beautiful Chinese tradition of exchanging gifts to seal a partnership And we would be miss not to live up to that. So if I could please Welcome you on the stage to bring the gifts for our gift has a certain symbol it's the the IOC president's trophy and The theme of the trophy is the sky is the limit So maybe the sky is the only limit for our cooperation. Thank you. Thank you. And this our Yoichi engine Our gift is that we believe small is beautiful small is powerful So we'll make the small people in power them and support the world Thank you. Thank you. We do small people With a big heart Thank you Thank you everyone before I open the floor for questions Let me pitch in with one question myself Mr. Shang as the CEO of Alibaba group The gentlemen already hinted to it, but could you explain a little bit more? What will the technological benefits be for this from from this partnership? Well, first of all, we are Alibaba group are very honored to be the partner of IOC and to To empower the IOC to experience a successful digital in innovation in the fast-changing digital world and our as president Parker said actually our Collaboration will fit into three areas. The first thing is that cloud service and Alibaba will be the partner of IOC in cloud service and By leverage our our infrastructure build up in the cloud business We want to help IOC Olympic games to be operated in a more efficient way in more effective way and in a most More security way. So that's the first one. We want to we want to work together. I think good And actually is that? Alibaba is famous for a building of the e-commerce platform and we today we serve in China and in the world we serve About 400 500 million people consumers and today how these consumers actually they want to Be part of Olympic and they want to participate So how to make it available for the Olympic license products and the sporting products for for the people not only in China But also in the world so we will work to close it together to to make this happen and the last one actually is a digital contents and the Olympic has a lot of very as a fan of Olympic and Actually, I can remember very clearly when I was a kid and a lot of very important moment And how to make these digital contents available for for generations of generations? so that's all about Olympic channel and we will work together with IOC to build a build this Digital platform Olympic channel to make it available for Chinese audiences Thank you very much and mr. Loma. Let me ask you It was set here on the panel. This will help to reach more and more people So how will this change the way you engage with your fans with the Olympic fans? Well, I think there's a couple of ways. I mean firstly the the Rio games was consumed The video coverage of the of the Rio games were consumed by over half the world's population we seek to continue to to grow that and We don't want to just reach the people of the Olympic fans during the two weeks of the games But also 365 days of the year be a be a brand and and a platform that's available for them. So Alibaba stated aim has been to reach two billion consumers by 2020 through their E-commerce platform So we hope to be able to harness that to create a truly global E-commerce platform whereby anyone in the world can buy any type of Olympic licensed merchandise for that to satisfy their own Connection with the games and of course as mr. Zhang mentioned We're very excited also to look at the collaboration in terms of creating a truly localized and locally relevant Olympic channel if you remember this was one of the two with with the E-commerce platform one of the two critical Goals from Olympic agenda 2020 so they will help us create a truly localized Olympic channel in China which will reach the rapidly growing 700 million online digital consumers in China Thank you very much. Let's open the floor for questions. We have microphones so I think We have the lady here the two ladies in the front row if you could get a microphone here If you could state your name and organization, please for the sake of our online audience as well Thank you, Ivana from CNN. Mr. Mark. Can you put a figure on this deal? How much is it worth to Alibaba and second question is the Alibaba brand going to be Officially connected to the Olympics in the future. Thank you. And could you pass on the microphone? So we get the next question as well. Okay, so figure probably I should ask our seagulls for me I'm pretty interesting about the mission valley and the same go and how we can create a valley inside, but Daniel has actually the the being the partner of Olympic I think this is the invaluable and in terms of the influence In terms of the branched brand image in the global stage, but more importantly, we don't want to Alibaba We don't want to be a another sponsor to IOC But we want to be the truly partner to empower IOC to be the game changer In the in the Olympic games in under the Olympic agenda Olympic agenda 2020 So that's the value we see from from this partnership Yeah, it's a true that when we discuss about this thing when when this idea came and My meeting with President Park last last year that we all are Fascinated by the things that we can work together We will say hands in hands with IOC into the digital time This is to us is more much more important and of course we are enabling IOC but IOC is also enabling us Our dream that being a global company with our brand all the services Thank you, please I have to say that it's very difficult to have an interview to recent about the both as my ideas I leave the three times, but you always run away, but thank you for the price Yeah, I want to ask you one question that you know, you know Credibility is very important in such a society Especially during the fourth industrial revolution and what's the opinion about such a credibility especially for young people? Thank you credibility Creativity of creativity. Okay. I I think you know the in the industrial time we make Everything that is not standard become standard And in the digital time we should have make every standard of things Unstandard so creativity is something that can we can win the machines And I think by working with the sports sports is not like it's only about muscle sports It's about brain sports about the creation and I think we want making sure that Olympics That's a president Park one of the agenda 2020 is that we want to get more young people involved We want more creation inside in this game. This is we feel that We will make sports more creative. We should make a sports Which might believe right? I don't always say it's the if you want to be successful You should have the EQ, but if you don't want to fail you should have it IQ but if you want to be respected You should have the LQ the Q of love and These three cues by sports is the best way to train your EQ and LQ if you do not respect your competitors if you do not respect your team You will never have a chance to win. So this is what we love about. This is creativity that I hope I ask you a question Thank you very much. We have a question from the gentleman there Runner runner the gentleman here with a blue shirt Yes, excuse me, you will come to you in a moment. All right. Thank you very much. I hope I'm a gentleman My name is Marco Zettering from La Stampa, Italy. You'll forgive me if I blunt, but I have two very short questions first of all, how do you like Donald Trump and Second question is can you really create? Did you really promise to create one million new jobs in the US? Thank you. Okay. Thank you very much This press conference dedicated by the way to a partnership between the IOC and Alibaba, but You're very welcome here. Okay, just very short answer with a very productive meeting and he's very open-minded listen to my Suggesting on small business trade and he's very open-minded and Second is that I'm serious because I'm not not talking to a normal person I'm talking to president elect about creative jobs. If that is not serious, it's gonna be the joke Thank you. Yes Could we get the phone to the gentleman there? Yes, I noticed new by now. We'll get to you Hi, it's out there from Phoenix TV. Actually, gentlemen, Phoenix TV is broadcasting this press conference now So for better communications, we should buy our hundreds of millions audiences in China Can may I just ask a question in Chinese? Sorry about it and Ma Zhu Xin, you're welcome. I'm Feng Huang, Wei Shi, and I'm a reporter. I'd like to ask you a question about the problem in the U.S. That I know Tomorrow is President Trump's day to recognize the U.S. President. And you used to be a No more than painful. He has the opportunity to meet Chinese companies that you mentioned before That is to say, I hope to see that there is no trade war between China and the U.S. It's even possible that there are all the people who want to avoid the trade war Then I want to ask you. What do you think the price is that you and your U.S. Can't bear Thank you, sorry that today we probably not ask or answer the questions about the U.S. and China trade relationship I prefer that we can if you really interested that we can ask our team to arrange another Offline discussion about that and let me put the relevant people on the spot. We have Jennifer over here for Alibaba Jennifer can arrange in a time offline about answering that questions today will be more focused on the Olympic partnership So I think it's in everyone's interest to get the microphone to the lady in the back there Yeah, could you wait for the microphone, please? Thank you. Thank you Yes, I come from sing long finance channel sing long calm I have only one question about sports Mr. Ma, will you increase your investment on football on Chinese football or all around? Thank you so much Thank you Will I increase my investments for football? Well, I think a lot of people know that I know very little about soccer Football the only one I competition I joined when I was a sophomore in the university I kicked the ball into my own goal So I give it up But I think I like for sports the reason especially team sports because that will make the team work China young people we only have one child of family in the past almost 30 years One child of family the children are always the kings and the queens We have to make them to work like a team. So this is I'm interested about sports it's about teamwork and Not I don't know because Personally and company company have to ask a Daniel that the weather we would put more money on the spell But definitely we will put more money on the sports to making sure sports can make people happier and healthier Thank you. Thank you very much. Can we get the microphone to the red dress in the middle here, please? Finally, all right. I'm singing Lee as the CNBC from South Korea Well, actually next winter Olympic is holding in Pyeongchang in South Korea and their Korean government and Korean company has been prepared a lot for the next year So what do you guys have a specific plan or any do you guys even have a plan? He said I got opening next year right away. So I want to hear what's the specific plan for the next year Thank you for the question. I think she said do you guys so I guess it goes to everyone on the panel Yes, please Thank you very much for a question. Yes, you're absolutely right the the next Olympic winter games in Pyeongchang Will kick off in just over a year. So remember. This is a long-term Agreement going through 12 years through to 2028. So we will immediately start implementing and working on all these various areas whether it is the The the efficiency and increased security of the Olympic Games organization through the cloud the e-commerce platform the Olympic Channel And so as much as we can we will also bring try and bring benefits in the very short time available to the to the to the Pyeongchang games But I think we should make clear if this was the background of You know your question that there a lot has been invested by Korea We will we will offer but we will not impose There of course for for Pyeongchang. So the the preparations which are going pretty well Therefore for Pyeongchang they will continue in the way they they do. So these Corporation will offer added value to to to the preparations Thank you very much the gentleman here and the lady next to maybe we can get two questions together Hello, Sam Schekner from the Wall Street Journal. This is a question for mr. Ma Can you tell us what the acquisition plans are for Alibaba group in the coming year? Which areas of your business and geographically which regions I? Hope the IOC is not the target So Let's let's hear the second question Then we won from Tencent you just talk about a year ago You started this discussion about this agreement Will you please tell a little bit more about how you get new get to know each other and was your major? Disagreement and how do you solve the problem? How do you solve the problem when you discuss about this? Partnership and the question from mr. Ma was your favorite Olympic games and a question for mr Bach have you ever bought anything on Alibaba's platform just as a test Thank you very much all very interesting questions So we have the questions on acquisition from the gentleman from the Wall Street Journal how you get to know each other you already spoke about love earlier and Maybe we start with these two questions. Maybe I finish my Wall Street question, right? Honestly, I'm not interested in that interested in acquisition. I'm interested in bipartisanship Very impressive the difference between Alibaba go global and the the other multinational Global is that we want looking for partners as and empower them to be powerful This is sour. So we don't have a Specific a plan but I think about it. Daniel has it but I my plan is always looking for partners Thank you for this very kind question, you know, we are here to announce our wedding and getting asked about the disagreements Actually, I Could not see any any substantial disagreements that when such a contract is is negotiated It's unavoidable that there are lawyers implicated and they are very good in creating some disagreements but What in in the end? There was I think the red line Through all these negotiations Was in fact that we we share a vision our Olympic agenda 2020 is about leading the the Olympic games leading the the IOC into the digital age and in in in this way Achieving two major goals of Olympic agenda 2020. This is to engage better with a younger generation and There also Using the different digital platforms and opportunities to Motivate young people to play sports, you know, we want As we say in in the Olympic agenda 2020 we want to get the couch potatoes of the couch and to make the young generation familiar with sports to Show them that sports is good for education. It's good for the health But most of all it's it's enjoyable. It's a part of the joy of of life And the second goal is to make the organization of The Olympic games more efficient means also less Costly more secure to have an even better knowledge transfer from one organizer To to to the other the being able to offer solutions to the organizing committees and This vision together with a vision of globalization and cooperation Was what was determining I think on both sides for for this cooperation because you know Sport was global Before the world globalization in in business existed We are the Olympic games are maybe the first global He went in the world for four decades And they are very much about a cooperation there are about a Understanding different cultures as an enrichment to our global society and Respect not only respecting Different cultures but taking them on board taking them as enrichment and they're creating an Olympic unity in in all the diversity these together with the overarching aim of of sport to contribute to the joy of life there also which corresponds to Alibaba's mission about better health and more happiness These was the spirit of this of this negotiation and This is why we both are very happy today because we both see the great potential to Make our our visions coming true with this partnership Thank you very much. We I think we have the time for three more questions Please the gentlemen if you could to keep it short and also say your name and organization, please. My name is Jamie Keaton Journalist for the Associated Press Mr. Ma what is Alibaba doing to ensure that? Olympics branded items of merchandise that appear to be counterfeits won't be sold sold through the e-commerce site and For mr. Bach Alibaba was just last month put on a US blacklist of notorious markets for counterfeits How concerned is the IOC about that? Just by way of example a search right now For Olympic mascots on Alibaba.com seems to turn up results of products that look like they could be based on ripped-off designs of earlier Olympic mascots. Do you have any concerns there? Yeah, can I answer the question first? First we are dealing with more than 12 million small business around the world Especially that the most of these small business on our platform are from developed countries and Listing more than 1.2 billion products on our site so managing and of course we have Danny just that we have 500 million buyers Every and every day through mobile phone got 200 million. So this is a huge world is a virtual world like a real world Anything happened on the on the real world happens on the virtual world Governing and managing a World like that. It's not easy all kinds of things Situations like a fake products conflict. We've been fighting for 17 years since the day we set up We know this is the war fighting against the human greedy You can never finish the war by single company You can never finish the wall by two years or three years and I think today we have the world leading technology Fighting against that and we have put 2,000 people Focus on fighting again. This is the largest anti counterfeit team In the world and we put the 1 billion IMB more than 1 billion IMB every year fighting against them So it's getting cleaner and cleaner and I would say we are the leader on that, but of course This thing cannot be finished within short time But using our data technology And I think we want the partners together solve the problem Because now when we partner with the Olympic IOC We know exactly who are the real who are not real and who don't with the data We can trace who's by who's selling so as I said yesterday that It's easy to think a point But it's difficult to clean all the dirty things within one night Especially the world has been big mess about counterfeit not only in China around the world And it's easy not easy to kill these Human greedy, but we are confidence By working together we will make a masterpiece trust me This is something that I'm gonna fight for and our team gonna fight for Centuries and we will finish the war maybe in that 10-20 years with a digital a trace who's selling who's a buying Who's transforming who's doing that and I promise President Park and IOC We will clean the carpet and at the rooms Thank you. Thank you very much You know my maybe I can add that just because of these Determination and all these measures haven't been undertaken. We are more than confident That this issue of counterfeit will be addressed in a proper way because it's also in in our in in our Interest and but you know on the contrary we we even see a potential To address this issue a better through a centralized platform because what is happening now is You know, how can let's say the National Olympic Committee of Argentina Control counterfeit and on the on the market in In Chile or in in South Africa Because of the distribution channels Nobody knows and They don't have access to to to the information if with the Olympic e-platform We have a centralized a platform and Then The goods have to go through this catalyst It can even offer us a better potential to to control this counterfeit issue Can I finish one last sentence about that? Today counterfeit and the fake products. They are globalized criminals. So we have to working together I I think a IOC know the situation We never hide because we are marriage. We tell each other everything. We're good. We're not good This is the way. I think it's the right way that we work together partner together and do good things and solve the problems together That's what we we want and we're encouraging all the people work together Thank you very much. Can we get the microphone to the gentleman with the red tie there between the two cameras all the way in the back? Yes, please Thank you. I have a relatively relaxed question for both mr. Ma Could you also share with us your name and organization leeway from Tai Chi? It's perhaps a coincidence that miss Jack met president elect Trump Recently and mr. Bahum at Chinese president Xi just I think a few days ago I don't know whether you have any information on president Trump's preference or likings of sports, but we know for sure president Xi is very into sports and especially soccer Are you confident that with president Xi's enthusiasm? China can overcome its institutional problem in its sports sector on from the commercial side Mr. Ma is only commercial side and how will you help Chinese sports to be more professional and From the institutional side, how will I will see help China to make the sports a more modern kind of Existence there. Thanks. Thank you very much as a German. I'm pleased to get so many soccer questions But we're straying a little bit from the purpose of this past conference. Thank you Might you so I give a brief answer Very diverse question very big, right How can you change the world most of the time as we change ourselves better? Well, yeah We are doing tiny things we wanted as a company as a commercial company as a e-commerce company as a company have a lot of young people We are thinking about we can do tiny things to change the institution of China sports and definitely by working with the IOC We are honored to be part of the IOC family and then I think we will work with the government. It's it's it's Well, honestly when I was young, I think I can change the world But now I'm getting 50 years old. I know change myself and change the people around us and giving Support and empower those people who can do really good things is more important the sports I think mr. Shee as I know that he's he loves sports not only soccer Thank you very much. I'm afraid we have to close this press conference. You will understand as newlyweds They would like to have some time on their own Thank you very much for being here today. Thank you for all your questions Thank you for watching and thank you for everybody here on the panel. Thank you very much