Alibaba Forms Automotive, 'Smart Living' Business Units

Advertisement
By Reuters | Updated: 10 April 2015 16:20 IST
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 maker Xiaomi 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.

Advertisement

The automotive business unit includes car marketing services built around Alibaba's big data analysis, online retail site Tmall's car sales section and providing loans to help people buy vehicles, an Alibaba spokeswoman said in an email to Reuters on Friday.

Advertisement

Almost 50 car brands and 10,000 dealerships have partnered with Alibaba in China, the company said. Last month, Chinese auto maker SAIC Motor Corp Ltd said it would join forces with the e-commerce company to invest CNY 1 billion ($161.08 million) in a fund to develop Internet-connected cars.

Alibaba's new 'smart living' division is comprised of Tmall's electrical appliances online shopping category, some cloud computing operations and online customer-to-customer marketplace Taobao's crowd funding platform, said the firm. This platform allows smaller businesses to raise capital from a large group of investors and promote and sell their goods.

© Thomson Reuters 2015
 

Catch the latest from the Consumer Electronics Show on Gadgets 360, at our CES 2026 hub.

Advertisement

Related Stories

Popular Mobile Brands
  1. Oppo Will Launch the Reno 15 Series in India on This Date
  2. Perplexity CEO Says On-Device AI Can Disrupt the Data Centre Industry
  3. Realme 16 Pro Series Roundup: Expected Price in India, Launch Timeline and More
  4. Redmi Note 15 5G Series India Launch: All You Need to Know
  5. Look Up: 2026's Wolf Moon Supermoon Rises with Jupiter by Its Side
  6. Poco M8 5G: Everything You Need to Know Ahead of Launch in India
  7. Motorola Signature Spotted With Stylus in Leaked Marketing Image
  1. NASA Finds Most Distant Calm Galaxy Cluster Ever Seen in Early Universe
  2. Wolf Moon Supermoon 2026: Rare January Full Moon Near Perihelion Lights Up the Sky
  3. Astronomers Look to the Large Magellanic Cloud to Study How Stars Are Born
  4. Drive Telugu Thriller Now Streaming on Amazon Prime Video
  5. Naanu Matthu Gunda 2 Now Streaming on ZEE5: A Story of Loyalty, Love, and Reunion
  6. Raj Kundra’s Punjabi Film Mehar Now Streaming Online on KableOne
  7. Honor Power 2 AnTuTu Benchmark Score, Colourways Teased Ahead of January 5 China Launch
  8. Instagram Will Have to Evolve Fast, Warns Adam Mosseri Amid Rise of AI Content
  9. Apple Vision Pro Production, Marketing Said to be Scaled Back Due to Low Sales
  10. Perplexity CEO Aravind Srinivas Says On-Device AI Can Disrupt the Data Centre Industry
Gadgets 360 is available in
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.