Luohan to study tech's effect on society

E-commerce giant Alibaba Group Holding Ltd has set up a global think tank to discuss and address emerging socioeconomic issues resulting from technological breakthroughs.

The think tank, the Luohan Academy, has roped in 15 experts for its academic committee, most of whom are world-leading economists, as the tech giant complements its global technology research house DAMO Academy to examine implications that technologies will bring to societies in the future.

The luminaries include six Nobel Prize laureates in economics such as Bengt Holmstrom, Thomas Sargent and Michael Spence.