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.
EU to propose plans to boost European firms and compete with U.S. tech giants18.02.2020
Alibaba extends help to firms hit by coronavirus spread, offers $2.86 billion in loans14.02.2020
Asian shares gain, on its way to second straight week13.02.2020
Facebook defers launch of dating service in Europe as Irish officials hold search operation in offices