Alibaba, Gucci, Facebook: Everything that matters this morning

Alibaba ploughs $15 billion into R&D
Alibaba is to invest $15bn in R&D projects in a bid to become a leader in AI.
Speaking at its annual cloud computing conference in Hangzhou, the Chinese e-commerce giant reportedly announced plans to open seven new labs – two in China, with others in Singapore, Moscow, Seattle and in Silicon Valley – as part of its DAMO Academy (discovery, adventure, momentum and outlook).
It is thought that this new wave of research will focus on disrupti