Alibaba opens technology labs; to invest $15bn in research and development

Alibaba opens technology labs, to invest $15bn in research and development

Alibaba Group unveiled its global research program “Alibaba DAMO Academy" to increase technological collaboration worldwide.

As part of the program, the Academy will work with University of California, Berkeley through its RISE Lab on areas such as secured real-time computing and other institutes to explore technology related advancements.

The academies will open in China (Beijing and Hangzhou), the United States (San Mateo and Bellevue), Russia (Moscow), Israel (Tel Aviv) and Singapore. Alibaba aims to invest $15bn in research and development over the next three years.

Alibaba Group’s chief technology officer, Jeff Zhang, who will will head the Academy said: “The Alibaba DAMO Academy will be at the forefront of developing next-generation technology that will spur the growth of Alibaba and our partners. We aim to discover breakthrough technologies that will enable greater efficiency, network security and ecosystem synergy for end-users and businesses everywhere.”

“Over the past 18 years, we have developed a robust technology infrastructure that supports the rapid growth of our business. With our global expansion, we have grown and refined our technology manifold.

"We are now looking for talented and driven researchers to join us in the quest for new disruptive technologies that would advance our every-day lives, benefit small businesses and narrow the technology gap to make our world a more inclusive place,”

Get The Drum Newsletter

Build your marketing knowledge by choosing from daily news bulletins or a weekly special.