HONG KONG: Alibaba Group Holding Ltd will more than double research and development (R&D) spending to US$15bil over the next three years to develop next-generation technology, drive its sprawling business and explore moonshot projects that could upend industries.
The e-commerce giant plans to set up seven research labs and hire 100 scientists around the world to delve 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.