Alibaba buys Chinese chipmaker to aid IoT biz

Alibaba buys Chinese chipmaker to aid IoT biz

Technology News

Alibaba buys Chinese chipmaker to aid IoT biz

Alibaba buys Chinese chipmaker to aid IoT biz

Alibaba buys Chinese chipmaker to aid IoT biz, help drive local chip sector. E-commerce titan Alibaba Group Holding has bought a Chinese microchip maker to further its cloud-based “internet of things” (IoT) business, underscoring its commitment to the chip industry, an Alibaba spokeswoman said on Friday.

 

The announcement comes days after the United States banned American firms from selling chips and other components to Chinese telecoms company ZTE for 7 years, a move that rekindled discussion in China about the need for self-sufficient tech supply chains. Read more here.

 

Alibaba Unveils Echo-Like Device in Challenge to Amazon

https://youtu.be/WYEg-9oj_kA

The competition in digital speaker-assistants is getting more intense, as Alibaba Group Holding Ltd. unfurled an Amazon Echo-like device and fellow Chinese internet giants Tencent and Baidu prepare to develop their own. Bloomberg's Mark Gurman has more on "Bloomberg Technology."

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