Alibaba is plowing $15 billion into R&D with seven new research labs worldwide

China’s largest e-commerce company is spending big money to move past its image as a mere online marketplace. Today at its annual cloud computing conference in Hangzhou, Alibaba CTO Jeff Zhang announced the company will launch Alibaba DAMO Academy, a global research program that will set up research and development labs worldwide. The effort highlights…

via Alibaba is plowing $15 billion into R&D with seven new research labs worldwide — Quartz

Leave a Reply