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Alibaba throws hat into the Olympics sponsorship ring
What better place is there for global exposure than the Olympic Games? At least, that is what Alibaba is counting on now that it struck a deal to become a top sponsor of the Olympic Games through 2028. The sponsorship, which is worth $800 million, pits the brand among giants like Coca Cola Co. and Samsung Electronics Co., according to Bloomberg. -
Amazon increased holiday TV ad spend in a big way
While most retailers reduced traditional advertising spend in favor of digital sources this holiday season, Amazon made an unprecedented move to television. This was according to the “MediaRadar Trend Report” that examined holiday advertising spend among Amazon, Walmart, Target, Macy’s, Sears, Kohl’s, Nordstrom, and J.C. Penney, between October and November 2016. When comparing holiday ad spend by retailer, here is how the companies fared:

