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Alibaba forms automotive, ‘smart living’ business units


SHANGHAI/BEIJING (Reuters) – China’s Alibaba Group Holding Ltd (BABA.N), a world’s biggest e-commerce company, has shaped an automotive territory and a ‘smart living’ multiplication in a past week, a organisation pronounced on Friday, as it ramps adult a cloud computing, hardware and vast information operations.

Alibaba, like many opposition Chinese tech firms, is racing to deliver Internet and computing capabilities to several kinds of bland products, trimming from televisions and home appliances to cars.

This has a $214-billion association pitched opposite rivals like amicable networking and online party hulk Tencent Holdings Inc (0700.HK), hunt personality Baidu Inc (BIDU.O), e-commerce aspirant JD.com Inc (JD.O) and hotshot smartphone builder Xiaomi Inc [XTC.UL].

In this packaged field, China’s online selling titan is banking on a vast information research and cloud computing abilities to yield an edge, as it looks to repeat a successes it has seen in altogether e-commerce with some-more specialized categories.

The automotive business territory includes automobile selling services built around Alibaba’s vast information analysis, online sell site Tmall’s automobile sales territory and providing loans to assistance people buy vehicles, an Alibaba mouthpiece pronounced in an email to Reuters on Friday.

Almost 50 automobile brands and 10,000 dealerships have partnered with Alibaba in China, a association said. Last month, Chinese automobile builder SAIC Motor Corp Ltd (600104.SS) pronounced it would join army with a e-commerce association to deposit 1 billion yuan ($161.08 million) in a account to rise Internet-connected cars.

Alibaba’s new ‘smart living’ multiplication is comprised of Tmall’s electrical appliances online selling category, some cloud computing operations and online customer-to-customer marketplace Taobao’s throng appropriation platform, pronounced a firm. This height allows smaller businesses to lift collateral from a vast organisation of investors and foster and sell their goods.

($1 = 6.2080 Chinese yuan renminbi)

(Reporting by John Ruwitch in SHANGHAI and Paul Carsten in BEIJING; Editing by Jeremy Laurence)

Article source: http://www.reuters.com/article/2015/04/10/us-alibaba-restructuring-idUSKBN0N10VM20150410

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