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Alibaba to double R&D spending to USD 15 bln, with eye towards 'moonshot' projects
2017-10-11 09:16:00| Telecompaper Headlines
(Telecompaper) Alibaba said it will be doubling its R&D spend over the coming three years to USD 15 billion in order to develop next-generation technology and explore moonshot projects aimed at upending industries, Bloomberg reported. Alibaba plans to set up seven research labs and hire 100 scientists around the world to push further into artificial intelligence, the Internet of Things and quantum computing, the company said in an emailed statement. Specific fields include machine learning, visual computing and network security.
Danish Crown Signs MoU with Alibaba Group’s Tmall
2017-08-23 02:00:00| ThePigSite - Industry News
DENMARK - Yesterday, the world’s largest pork exporter Danish Crown signed a Memorandum of Understanding with Tmall, one of Alibaba Group’s business-to consumer e-marketplaces in China, at a ceremony in Copenhagen.
Tags: groups
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Alibaba surges while Walmart stalls
2017-08-18 08:37:04| BBC News | Business | UK Edition
Chinese e-commerce giant posts bumper profit but earnings are down for US big box retailer.
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walmart
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China Unicom confirms Alibaba, Baidu, Tencent as new shareholders
2017-08-16 02:00:00| Total Telecom industry news
As expected, China Unicom on Wednesday confirmed that Web giants Alibaba, Baidu, and Tencent are among more than a dozen companies that will invest a combined 74.72 billion yuan (€9.53 billion) in the operator in a bid to revive its fortunes. Alibaba rival JD.com and ride-hailing firm Didi are part of the group as well (see below for a full list). China Unicom said it expects net proceeds to come in at CNY61…read more on TotalTele.com »
Tags: china
alibaba
shareholders
confirms
China Unicom fuels investor speculation with Alibaba, Tencent deals
2017-08-07 02:00:00| Total Telecom industry news
China Unicom has partnered with Alibaba and Tencent, fuelling speculation that it could soon count the online giants among its shareholders. C114 reported last week that the operator has agreed to establish "…read more on TotalTele.com »
Tags: china
deals
investor
alibaba
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