Singapore chosen for one of Alibaba’s new global R&D locations
Chinese e-commerce giant Alibaba will open a new lab facility in Singapore as one of the seven centers announced by the company’s executive chairman Jack Ma that will be part of the company’s $15-billion investment drive into research and development (R&D).
Under the new global programme, which labels the R&D facilities “Alibaba Discovery, Adventure, Momentum and Outlook Academies,” the Singapore center is expected to receive investments of at least $1 billion. Alibaba noted that the city state’s strategic location and its well-developed status as a global trade and finance center have made the decision for a Southeast Asian location easy.
Adding to that were the presence of excellent local universities, research institutes and talent, as well as technological readiness and the environment for innovation. The center is planned to commence operations in early 2018.
The new facility would looking to “increase technological collaboration worldwide, advance the development of cutting-edge technology and strive to make the world more inclusive by narrowing the technology gap”, Alibaba said in a statement.
The other locations for Alibaba’s R&D programme are Moscow, Tel Aviv, Beijing, Hangzhou, as well as San Mateo in California and Bellevue in Washington state.
Chinese e-commerce giant Alibaba will open a new lab facility in Singapore as one of the seven centers announced by the company’s executive chairman Jack Ma that will be part of the company’s $15-billion investment drive into research and development (R&D). Under the new global programme, which labels the R&D facilities “Alibaba Discovery, Adventure, Momentum and Outlook Academies,” the Singapore center is expected to receive investments of at least $1 billion. Alibaba noted that the city state’s strategic location and its well-developed status as a global trade and finance center have made the decision for a Southeast Asian location easy....
Chinese e-commerce giant Alibaba will open a new lab facility in Singapore as one of the seven centers announced by the company’s executive chairman Jack Ma that will be part of the company’s $15-billion investment drive into research and development (R&D).
Under the new global programme, which labels the R&D facilities “Alibaba Discovery, Adventure, Momentum and Outlook Academies,” the Singapore center is expected to receive investments of at least $1 billion. Alibaba noted that the city state’s strategic location and its well-developed status as a global trade and finance center have made the decision for a Southeast Asian location easy.
Adding to that were the presence of excellent local universities, research institutes and talent, as well as technological readiness and the environment for innovation. The center is planned to commence operations in early 2018.
The new facility would looking to “increase technological collaboration worldwide, advance the development of cutting-edge technology and strive to make the world more inclusive by narrowing the technology gap”, Alibaba said in a statement.
The other locations for Alibaba’s R&D programme are Moscow, Tel Aviv, Beijing, Hangzhou, as well as San Mateo in California and Bellevue in Washington state.
