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Alibaba's next avatar: A tech powerhouse

By He Wei in Shanghai | China Daily | Updated: 2017-03-14 07:18

New R&D unit to help transform e-commerce giant to serve 2 billion people in 20 years

Alibaba Group Holding Ltd said on Monday it is setting up a dedicated research task force to spearhead innovative and potentially revolutionary new paths to growth, with the goal of transforming the e-commerce trading platform into a well-rounded and technology-driven powerhouse.

The group said that through a new and independent research and development department dubbed NASA, the internet juggernaut is setting its sights on developing core technologies that would serve 2 billion people in 20 years.

Alibaba's next avatar: A tech powerhouse

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