Alibaba Is Spending Billions on a Network of International Research Hubs

China’s top e-commerce firm Alibaba is launching a $15 billion drive to build overseas research hubs, using its deep pockets to compete with global leaders in e-commerce, logistics and cloud technology.

The AlibabaDamo’ academy would launch eight research bases in China, Israel, the United States, Russia and Singapore and was hiring 100 researchers to work on artificial intelligence (AI), quantum computing and fintech, the company said in a statement Wednesday.

“The Alibaba DAMO...

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