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Alibaba : to invest over $15bn in global research in 3yrs

Stock Market Quotes and Financial News

Mubasher:Chinese Alibaba on Wednesday announced plans to invest north of $15 billion in over the next three years under a global research and development programme, which aims to boost collaboration and develop new technologies. The new figure is “slightly more than double” the total amount e-commerce giant invested on research and development between 2014 and the fiscal year that ended 31 March, 2017 , according to CNBC .

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