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Japan’s largest e-commerce giant, Alibaba, will be the official sponsor of the Tokyo Olympics opening ceremony

China’s Alibaba Group is officially setting its sights on hosting the 2024 Summer Olympics, the company announced Monday.

The Chinese conglomerate has signed a deal to supply the 2020 opening ceremony and the 2024 Tokyo Games.

Alibaba CEO Jack Ma said he was confident that “the Olympic Games will be a huge success for China,” according to a statement from Alibaba’s official Xinhua news agency.

He added that the company was committed to building on the legacy of the 2020 Games and making it the most successful one to date.

Alibaba also announced that it was setting up a “Chinese Olympic delegation,” which will be comprised of Chinese and foreign officials, in addition to Japanese and international athletes.

The group will be headed by Vice Premier Liu Weimin, and include officials from the Olympic organizing committee, the Japanese government, and other Olympic-related institutions.

“We want to show our solidarity with the Chinese people and the Olympic Games,” Liu told reporters during a news conference at the company’s Shanghai headquarters.

“In this way, we can show the world that we can help Chinese people in the Olympics.”

Alibaba has been an ardent supporter of the 2022 Winter Olympics in Sochi, Russia.

The company announced that its sponsorship would be extended to the 2020 Olympics, which are scheduled to open Aug. 1.

“With a long history of supporting Chinese Olympic aspirations, we’re proud to help the Tokyo 2020 Organizing Committee in building an Olympic legacy,” Alibaba said in a statement.

“It’s clear that we’ll always be an important partner of the Olympics, and we look forward to working together with the Organizing Commission and the Tokyo Organizing Team.”

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