Alibaba Group announced on October 11th the launch of an innovative global research program, Alibaba Academy for Discovery, Adventure, Momentum, and Outlook (or DAMO Academy), designed to increase technological collaboration worldwide. With the setup of the Academy, the company expects to invest more than $15 billion in research and development over the next three years.

The Academy is the first major global initiative of Alibaba to fulfill its commitment to serve 2 billion customers and create 100 million job opportunities in 20 years (in Chinese). Alibaba now has around 25,000 engineers and scientists on its staff.

The Academy will oversee the opening of seven research and development labs worldwide and seek to recruit 100 talented scientists and researchers from around the world to join the program. Alibaba Group’s Chief Technology Officer, Jeff Zhang will be the head of the Academy.

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Eva Yoo

Eva Yoo is Shanghai-based tech writer. Reach her at evayoo@technode.com