Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Alibaba.com backs athlete365 business accelerator to empower olympic athletes

by December 2, 2024
December 2, 2024
Alibaba.com backs athlete365 business accelerator to empower olympic athletes

In a significant move to bridge the gap between elite sports and entrepreneurship, the International Olympic Committee (IOC) has partnered with Alibaba.com to launch the fourth edition of the Athlete365 Business Accelerator programme.

The initiative aims to equip current and former Olympians with the skills and resources needed to transition into successful business ventures.

The programme, which commenced its first phase on 3 December, is designed to harness the determination and discipline of athletes, channelling these attributes into the world of commerce. Alibaba.com, as the first worldwide Olympic and Paralympic e-commerce services partner, brings a wealth of expertise in global trade and digital marketplaces to the table.

This year’s edition has attracted several hundred applicants from across the globe. Notably, 55% of participants have previously represented their countries at the Olympics, while 46% are still active competitors looking to simultaneously embark on entrepreneurial journeys. The diverse cohort includes athletes from Europe (38%), Africa (20%), North America (17%), the Asia-Pacific region (13%), and South America (12%).

The entrepreneurial ambitions among the participants are palpable: over half already have a business idea, 17% have developed a prototype, and 12% are running businesses generating stable revenue. The programme seeks to build on this foundation by providing tailored education on business fundamentals, e-commerce strategies, and global trade practices.

Marking the launch, a masterclass was delivered by Tony Parker, a two-time Olympian and successful entrepreneur, who serves as Alibaba.com’s global brand ambassador. His session offered invaluable insights into his journey from professional sports to the business arena, inspiring athletes to leverage their unique skill sets in new ventures.

Following the masterclass, the programme will feature online lessons, virtual bootcamps starting on 9 December, and one-to-one mentoring sessions with experts from Alibaba.com. These components are aimed at developing participants’ understanding of creating viable business models and navigating the complexities of e-commerce.

Participants will gain exposure to Alibaba.com’s advanced artificial intelligence tools, which are revolutionising how small and medium-sized enterprises source products and connect with suppliers worldwide. The technology allows for intuitive searches using videos, images, and natural language, simplifying the sourcing process and turning product visions into reality.

Kuo Zhang, President of Alibaba.com, commented on the synergy between athletic prowess and entrepreneurial spirit: “Athletes and entrepreneurs share qualities like grit, determination, and a willingness to take risks. We are proud to support them in making a seamless transition into e-commerce and global trade.”

Data from Alibaba.com indicates that nearly 63% of former athletes struggle to find new careers after retiring from sports. The Athlete365 Business Accelerator programme addresses this issue by providing a structured pathway into entrepreneurship, enabling athletes to apply their dedication and work ethic beyond the sporting arena.

Anne-Sophie Voumard, Managing Director of IOC Television & Marketing Services, emphasised the importance of supporting athletes holistically: “Our partners play a vital role in empowering athletes at every stage. Through initiatives like this accelerator, we are committed to helping them succeed both on and off the field.”

The collaborative nature of the programme underscores the shared commitment between the IOC and Alibaba.com to foster talent development and economic opportunity on a global scale. By integrating educational resources, technological tools, and mentorship, the initiative aims to create a new generation of athlete-entrepreneurs capable of making significant contributions to the business world.

Participants will not only build practical skills but also expand their professional networks, positioning them to navigate the challenges of starting and growing a business in today’s digital economy.

As the Athlete365 Business Accelerator enters its fourth edition, the programme continues to evolve, reflecting the changing dynamics of both the sports and business landscapes. The support from Alibaba.com enhances its reach and impact, offering athletes unparalleled access to global markets and cutting-edge e-commerce solutions.

With the launch of this first phase, the stage is set for participants to embark on transformative journeys, applying the dedication that defined their athletic careers to their entrepreneurial endeavours. The initiative represents a meaningful step towards ensuring that athletes can successfully pivot to new professional paths, contributing their unique perspectives and skills to the broader economy.

Read more:
Alibaba.com backs athlete365 business accelerator to empower olympic athletes

0
FacebookTwitterGoogle +Pinterest
previous post
Trump asks about ‘J-6 Hostages’ in response to Biden’s pardon of Hunter: ‘Such an abuse’
next post
Biden travels to Africa where policies were ‘over-promised and under-delivered,’ amid massive China expansion

You may also like

Starmer sets stage for difficult decisions as Labour...

August 25, 2024

5 Things You’ll Need to Start a Personal...

March 1, 2024

Heatwaves take toll on UK economy as small...

July 14, 2025

Company Insolvencies Surge by Nearly 20% in April

May 18, 2024

Providing credibility to your numbers

March 18, 2024

Stamp Duty hikes trigger 42 per cent slump...

December 27, 2024

RAC urges Government not to raise fuel duty...

November 14, 2022

UK businesses plan to boost business travel spend...

October 4, 2022

BT set to sell fridges and subscriptions in...

October 18, 2023

Ministers call for GPs to refer people to...

July 31, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • What James Carville doesn’t get about voter priorities

      July 25, 2025
    • Fields of fortune: Why farmland remains a tax-efficient safe haven — for now

      July 25, 2025
    • UK firms cutting staff at fastest pace since February as economic pressures mount

      July 25, 2025
    • River Island faces collapse unless landlords approve urgent rescue plan

      July 25, 2025
    • LVMH suffers steep drop in fashion sales as wealthy consumers tighten belts

      July 25, 2025
    • EU fails to reduce 50% steel tariff in draft US trade deal as industry warns of ‘catastrophic’ impact

      July 25, 2025

    Categories

    • Business (8,573)
    • Investing (2,145)
    • Politics (16,193)
    • Stocks (3,227)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved