1. Alibaba announces plans to invest over $15b in R&D over next 3 years

    Alibaba announces plans to invest over $15b in R&D over next 3 years

    Alibaba announces plans to invest over $15b in R&D over next 3 years Oct 11, 2017 News Alibaba Group announced on October 11th the launch of an innovative global research program, Alibaba Academy for Discovery, Adventure, Momentum, and Outlook (or DAMO Academy), designed to increase technological collaboration worldwide. With the setup of the Academy, the company expects to invest more than $15 billion in research and development over the next three years.

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    1. Alibaba DAMO Academy will be self-supportive. We will invest $15 billion for the next three years as an initial money to recruit talents, but it should earn money on its own. We strongly believe that we will profit from the technology, not by the scale.
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