Ron Burgundy Posted April 10, 2015 Share Posted April 10, 2015 SHANGHAI/BEIJING (Reuters) - China's Alibaba Group Holding Ltd , the world's biggest e-commerce company, has formed an automotive unit and a 'smart living' division in the past week, the firm said on Friday, as it ramps up its cloud computing, hardware and big data operations. Alibaba, like many rival Chinese tech firms, is racing to introduce Internet and computing capabilities to various kinds of everyday products, ranging from televisions and home appliances to cars. This has the $214-billion company pitched against rivals like social networking and online entertainment giant Tencent Holdings Inc , search leader Baidu Inc , e-commerce competitor JD.com Inc and hotshot smartphone maker Xiaomi Inc [XTC.UL]. In this packed field, China's online shopping titan is banking on its big data analysis and cloud computing abilities to provide an edge, as it looks to repeat the successes it has seen in overall e-commerce with more specialized categories. View the full article Quote Link to comment Share on other sites More sharing options...
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