At the 2020 Alibaba Global Investor Conference, Alibaba Group Chief Financial Officer Wu Wei revealed for the first time that in recent years, Alibaba has been investing more than 100 billion yuan a year in technology and research and development.
Eleven years ago, Alibaba invested in cloud computing research and development. Currently, all of Alibaba's core systems are running on Aliyun's public cloud.
Seven years ago, Alibaba and its partners established Cai Niao, which has built an intelligent logistics backbone through continuous investment in IoT, artificial intelligence, big data and other technologies.
Today, technology dividends have permeated Alibaba's various business scenarios.
Alibaba says Aliyun has deployed hundreds of cloud data centers around the world, and its Feitian operating system manages millions of servers.
In April this year, Aliyun announced that it would invest RMB 200 billion over the next three years to sprint to the world's largest cloud infrastructure.
Alibaba is also strengthening its investment in cutting-edge technology and basic research. The company said that with years of continuous investment, DAMO Academy, which was established in 2017, now has more than 10 IEEE Fellows and 20 professors from leading universities, and its research covers artificial intelligence, quantum computing, chip technology, and automated driving, with more than 60 firsts at top international technology events and papers published at top international conferences DAMO Academy has also successfully incubated Pingtouge, one of the top semiconductor companies in China.
DAMO Academy has also successfully incubated Pingtouge, one of the top semiconductor companies in China, and has launched a number of products such as the AI inferencing performance chip Hanguang 800.