The Beijing Winter Olympics are fraught with potential hazards for major sponsors, who are trying to remain quiet about China’s human rights record while protecting at least US$1 billion they have collectively paid to the The International Olympic Committee (IOC).
That could reach US$2 billion when new figures are expected this year. Sponsors include big household names like Coca-Cola, Procter & Gamble, Visa, Toyota, Airbnb and Panasonic.
The IOC’s so-called TOP sponsors are being squeezed by a diplomatic boycott led by the US, the economic power of 1.4 billion Chinese — and the fear of retaliation by China’s authoritarian government.
China itself was