Alibaba launches $15 billion overseas R&D drive

BEIJING (Reuters) - China's top e-commerce firm, Alibaba Group Holding Ltd [BABA.N], is launching a $15 billion drive to build overseas research hubs as the deep-pocketed firm looks to compete with global leaders in e-commerce, logistics and cloud technology.

from Reuters: Technology News http://reut.rs/2yY3eKi