China’s eCommerce Giant Alibaba To Open an R&D Lab in Israel

Alibaba Group Holding Ltd (NYSE:BABA) announced on Wednesday it would spend $15 billion establishing research facilities to better compete in fast-growing areas like retail, cloud technology, and logistics. The Chinese e-commerce behemoth bold new spending plan includes a research lab in Tel Aviv Israel, as part of its new global Alibaba Academy for Discovery, Adventure, Momentum and Outlook designed to increase technological collaboration worldwide, advance cutting-edge technology and narrow the technology gap among countries.

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