Alibaba plans to invest $15 billion over the next three years on "cutting-edge technology," officials say.
The Chinese e-commerce giant plans to focus on quantum computing and artificial intelligence.
"We aim to discover breakthrough technologies that will enable greater efficiency, network security and ecosystem synergy for end-users and businesses everywhere," said Alibaba Chief Technology Officer Jeff Zhang.
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Former investor Jonathan Eilian’s J.D. Holdings plans to buy at least 35 properties through a landmark bankruptcy settlement.
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