Arab Today, arab today chinas alibaba drives into internet car industry
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

China's Alibaba drives into 'Internet car' industry

Arab Today, arab today

Arab Today, arab today China's Alibaba drives into 'Internet car' industry

Alibaba founder and executive chairman Jack Ma
Shanghai - AFP

Chinese e-commerce giant Alibaba on Thursday joined the country's biggest auto maker with a plan to develop an Internet-connected car, following other non-traditional players such as Google making inroads into the industry.  
Search engine Google has made headlines with its plans for a self-driving car and Apple -- maker of iPhones and iPads -- is reportedly planning to develop an electric car.
Alibaba and SAIC Motor announced they were jointly setting up a 1.0 billion yuan ($162 million) fund to develop an "Internet car", the auto maker said in a statement on its official microblog.
The project will "lead China's Internet car development", it said, but gave no details about the planned vehicle.
Alibaba said the future car would use technology -- such as cloud computing and big data -- to help provide a better driving experience.
The connected vehicle will include services such as e-commerce, digital entertainment, maps and communications, it said.
Analysts believe technology companies are unlikely to launch mass production of cars, rather seeking to shake up the traditional auto industry and establish partnerships with manufacturers, helping to promote their own business lines.
Alibaba's partner for the project, state-owned SAIC Motor, already has joint ventures with General Motors (GM) of the United States and Germany's Volkswagen.
SAIC and GM also have a company which provides telematics -- wireless information -- services for vehicles manufactured and sold in China, including mobile apps and navigation help.
Alibaba, founded by entrepreneur Jack Ma in 1999, is China's biggest e-commerce company, estimated to hold more than 90 percent of the country's market for consumer-to-consumer transactions.
Last month, Alibaba tested its first drone delivery service, echoing US online retailer Amazon, by whisking ginger tea to customers over three days in three Chinese cities.

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinas alibaba drives into internet car industry Arab Today, arab today chinas alibaba drives into internet car industry

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chinas alibaba drives into internet car industry Arab Today, arab today chinas alibaba drives into internet car industry

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday