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 (roughly Rs. 13,34,972 crores) 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 makerXiaomi Inc.
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 specialised categories.
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