Alibaba opens technology labs; to invest $15bn in research and development

Alibaba Group unveiled its global research program “Alibaba DAMO Academy"  to increase technological collaboration worldwide.
As part of the program, the Academy will work with University of California, Berkeley through its RISE Lab on areas such as secured real-time computing and other institutes to explore technology related advancements.
The academies will open in China (Beijing and Hangzhou), the United States (San Mateo and Bellevue), Russia (Moscow), Israel (Tel Aviv) and S