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

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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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