Alibaba to invest $15bn in R&D labs

Spencer Ogden our consultant managing the role
Date posted12/Oct/2017
Spencer Ogden our consultant managing the role

China’s leading e-commerce firm, Alibaba Group Holding has launched a $15 billion drive to build overseas R&D hubs as it looks to become a global leader in e-commerce, logistics and cloud technology. 

The Alibaba ‘Damo’ academy would launch eight research bases in China, Israel, the United States, Russia and Singapore and was hiring 100 researchers to work on artificial intelligence (AI), quantum computing and fintech, the company said in a statement on Wednesday.


“The Alibaba DAMO Academy will be at the forefront of developing next-generation technology that will spur the growth of Alibaba and our partners”, Chief Technology Officer Jeff Zhang said.

The company currently has 25,000 engineers on staff, it says, and says the new research infrastructure will help them meet a goal of two billion customers within two decades.

 
Click here to view roles that are currently available across the R&D sector. 

Why Spencer Ogden

We’ve won awards for what we do

Proactive, professional and passionate about recruitment is how we do it. Our Graduate Academy is an intensive training ground for the world’s top graduates. Thanks to the know-how of leading managers and directors, we turn them into the best recruitment professionals in the industry.

Join our team
Spencer Ogden
Spencer Ogden
Spencer Ogden