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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 doubling down on Southeast Asia after it paid close to $1 billion to raise its stake in e-commerce firm Lazada from 51 percent to 83 percent. The Chinese firm made an initial $1 billion investment in April 2016 at a valuation of $1.5 billion — this second deal raises that valuation to $3.15 billion,… […]
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