12 Oct '17, 3am

via @qz

via @qz

China’s largest e-commerce company is heading to the little red dot as its first destination in a $15 billion R&D push , as it seeks to become a global tech giant capable of competing with the likes of Google, Microsoft, and Amazon. On Wednesday, at its annual cloud computing conference in Hangzhou, Alibaba CTO Jeff Zhang announced the company will launch Alibaba DAMO Academy, a worldwide program that will set up research and development labs in China, but also in Russia, Israel and the United States. Its first lab outside China will be in Singapore, which in recent years has been trying to move past its image as a finance center and promote itself as Southeast Asia’s tech hub. Alibaba is working to expand beyond Chinese e-commerce, its bread-and-butter, an effort that mirrors that of Amazon, the company’s closest US-based analog. According to an Alibaba representative the...

Full article: https://qz.com/1100583/singapore-will-be-the-first-stop-i...

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