1. Alibaba to spend more than US$15bn on technology research with launch of collaborative academy

    Alibaba to spend more than US$15bn on technology research with launch of collaborative academy

    Alibaba Alibaba to spend more than US$15bn on technology research with launch of collaborative academy E-commerce giant will open seven labs globally as part of project that executive chairman Jack Ma says will also contribute to ‘society and the era’ PUBLISHED : Wednesday, 11 October, 2017, 12:38pm UPDATED : Wednesday, 11 October, 2017, 1:58pm Chinese start-up accuses Tmall of copying skin treatment app 2 Oct 2017 Alibaba Group has pledged to spend more than US$15 billion on research and development over the next three years – a big step-up by the e-commerce juggernaut whose market cap now stands side ...

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  2. Quotes

    1. We are now looking for talented researchers to join us in the quest for original and disruptive technologies that will ultimately change the world.
    2. The Alibaba Damo Academy will be at the forefront of developing next-generation technology that spurs the growth of Alibaba and its partners.
    3. At its core, Alibaba is a technology company. As recent financial results show, staying ahead of the curve in areas such as artificial intelligence and machine learning has been positive.
    4. Research and development for internet of things and fintech helps with monetisation and business expansion, whilst spending on quantum computing and human-machine interaction could also be defensive as disruption from these technologies could be higher.
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