Find the latest episode of "The Uncertain Hour" here. Listen

Chinese internet giant Alibaba looks to scoop up global talent in $15 billion R&D expansion

Reema Khrais Oct 16, 2017
HTML EMBED:
COPY

Chinese internet giant Alibaba looks to scoop up global talent in $15 billion R&D expansion

Reema Khrais Oct 16, 2017
HTML EMBED:
COPY

Chinese internet giant Alibaba is taking a big step toward competing globally. It plans to more than double spending on research and development to $15 billion over the next three years, and will open labs in seven cities around the world, including in Russia, Singapore and in the U.S. But can its dominance of the Chinese market translate into international success?

Click the above audio player to hear the full story.

Marketplace is on a mission.

We believe Main Street matters as much as Wall Street, economic news is made relevant and real through human stories, and a touch of humor helps enliven topics you might typically find…well, dull.

Through the signature style that only Marketplace can deliver, we’re on a mission to raise the economic intelligence of the country—but we don’t do it alone. We count on listeners and readers like you to keep this public service free and accessible to all. Will you become a partner in our mission today?

Your donation is critical to the future of public service journalism. Support our work today – for as little as $5 – and help us keep making people smarter.