Friday, April 19, 2024

Alibaba reportedly plans to spend $15 billion on ‘moonshot’ projects

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Research and development in the tech industry is a pretty big deal. Google spins off its massive advertising revenues into all sorts of wild projects aimed at finding the next big thing. Apple and Amazon both spend billions each year, too, with both companies building R&D centers around the glove. Chinas largest online commerce company, Alibaba, appears to be following suit, with a plan to more than double its research and development spending from $6.4 billion annually to $15 bi….
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