Alibaba signs on as official sponsor for Renault Sport F1
Participating in this sponsorship deal:
About Sponsor:
Alibaba Group Holding Limited (NYSE: BABA) is a Chinese e-commerce company that provides consumer-to-consumer, business-to-consumer and business-to-business sales services via web portals. It also provides electronic payment services, a shopping search engine and data-centric cloud computing services. The group began in 1999 when Jack Ma founded the website Alibaba.com, a business-to-business portal to connect Chinese manufacturers with overseas buyers.
About Property:
Renault are currently involved in Formula One as a constructor, under the name of Renault Sport Formula One Team. They have been associated with Formula One as both constructor and engine supplier for various periods since 1977.
The Renault Sport Formula One Team has joined forces with Tmall, China’s leading B2C online marketplace, in a branding partnership for this year’s FIA Formula 1 World Championship, the French manufacturer announced on Tuesday.
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