Chinese company Alibaba Group Holding, working in the field of Internet commerce, intends to create a subsidiary unit, which will be engaged in the production of chips, Reuters reports. The Chinese Internet giant plans to launch the chip in the second half of 2019, which will be used in unmanned vehicles, smart cities and logistics. Alibaba aims to strengthen its presence in the Internet market of things and the rapidly developing market of cloud technologies. The company's plans are in line with the policy of the Chinese government aimed at modernizing various fields of activity through the development of its own microcircuits.
Investors flock to $5 billion Alibaba bond deal despite regulatory woes
24.11.2020Japan's ANA shares fall on report airline plans to raise $1.9 billion
06.11.2020Pony.ai gains $267 Million in latest fundraising to boost its popularity
06.11.2020Allianz declines to announce its earnings forecast in 2020
