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Alibaba to invest CNY 10 billion in Tmall Genie ecosystem expansion in 2020

Thursday 21 May 2020 | 07:33 CET | News
Alibaba Group has announced plans to invest CNY 10 billion (approximately USD 1.4 billion) this year to boost its artificial intelligence of things ecosystem surrounding its flagship smart speaker called Tmall Genie. Alibaba will use these funds to power the research and development of AIoT technologies across its Alibaba Cloud and DAMO Academy units.

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Categories: Internet
Companies: Alibaba / Alipay / Taobao
Countries: China
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