Why Alibaba Is Spending $15 Billion on 'Disruptive Technology'

October 12, 2017

Alibaba Group Holding Ltd. is putting a lot of cash behind its goal of serving 2 billion customers and creating 100 million job opportunities over the next two decades. The Chinese e-commerce giant -- which already has around 25,000 engineers and scientists on its staff -- announced today its plans to spend $15 billion on research and development over the next three years.