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Alibaba to invest $15B on its new R&D program

Alibaba is setting up an innovation programme that will increase its research and development budget
to $15 billion over the next three years.

The programme will have seven research labs, of which there will be two each in China and the US, and
will be advised by 10 Chinese and US academics.

We aim to discover breakthrough technologies that will enable greater efficiency, network security and
ecosystem synergy for end-users and businesses everywhere," said Jeff Zhang, the CTO of Alibaba,
whose turnover in the year to March 2017 was the equivalent of $23 billion, having risen by more than
50% in the year.

The programme is called the Alibaba Academy for Discovery, Adventure, Momentum and Outlook
(DAMO), and Zhang will lead the project. "The Alibaba DAMO Academy will be at the forefront of
developing next-generation technology that will spur the growth of Alibaba and our partners," he said.
"Over the past 18 years, we have developed a robust technology infrastructure that supports the rapid
growth of our business. With our global expansion, we have grown and refined our technology manifold.
We are now looking for talented and driven researchers to join us in the quest for new disruptive
technologies that would advance our every-day lives, benefit small businesses and narrow the
technology gap to make our world a more inclusive place”, he added.

Alibaba will focus on both foundational and disruptive technology research including data intelligence,
internet of things, financial technology, quantum computing and human-machine interaction.
Within those broad research areas, said Alibaba in a statement, the labs will focus on topics such as
machine learning, network security, visual computing and natural language processing.

The company will set up labs in Moscow, Tel Aviv and Singapore as well as in Beijing and Hangzhou in
China and San Mateo and Bellevue in the US. "The Academy is currently looking to recruit 100 talented
researchers from around the world," said Alibaba.